WebThe American Rescue Plan Act included a provision temporarily modifying the tax treatment of discharged student loan debt. Specifically, the law excludes from gross income qualifying student loans that are discharged between December 31, 2024, and January 1, 2026. During this period, the amounts of forgiven student loan debt will not be subject ... WebFastChoice displays loan options for your students with clear, consistent information on a user-friendly website, and allows you to easily customize private loan selection, disclosure, and student education to meet your school’s needs. Best of all, FastChoice is free and fully supported by Great Lakes.
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WebApply in less than 15-minutes.25% discount for automatic payments; Get a competitive interest rate; Borrow only what you need Borrow up to the cost of your attendance; … WebHere’s an example using numbers to help you better understand how this works: Let’s say that you receive $100,000 worth of loan forgiveness through BDAR. You will need to include that $100,000 on your next years IRS Tax Filing, and If your income tax rate is 30%, that means that you’ll now owe the IRS $30,000. WebIf you've been out of school for two years, you probably can't actually (or practically) choose "Apply as refund". So choose the other one, set up your auto-payment, it's fairly straight forward, and they will automatically apply the .25% discount. For what it's worth, I've found MyGreatLakes to be a pretty good loan servicer. No real complaints. truro baptist church cornwall