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Don't forget while you make payments you get tax credits paid on interest - up to a limit (which is really easy to hit; by the way).
by thatwebdude 10y ago
Don't forget while you make payments you get tax credits paid on interest - up to a limit (which is really easy to hit; by the way).
- pc86 10y agoYes but if you're on IBR this is minuscule. I only paid ~$2k my first year in repayment, a small part of that was interest, and because my income was low enough the taxes on that small part was only a few dozens of dollars. But absolutely when you're making $2250/mo before taxes and extra $20 in your refund is awesome :)