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re: Student Loan Repayment Options Explained
Posted on 4/15/15 at 1:03 pm to anc
Posted on 4/15/15 at 1:03 pm to anc
quote:
the balance is forgiven
Not entirely accurate. While it is forgiven, you pay the balance forgiven as taxable income. Hence the tax bomb.
High income/high debt people have very tough decisions on how to handle this problem.
The information you provided in OP is great and this thread should be stickied.
1
Posted on 4/15/15 at 2:03 pm to schlow mo
deleted
This post was edited on 4/15/15 at 2:14 pm
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