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Can I Claim Student Loan Interest Deduction?

By College Raptor StaffLast updated on March 7, 2023
You may be eligible to claim a student loan interest deduction if you took out student loans to cover educational expenses. This tax break allows eligible borrowers to deduct up to $2,500 paid interest from their annual taxable income.  What Is Student Loan Interest Deduction? Student loan interest refers to the interest you’ve paid on …
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8 Tips for Dealing with Student Loan Debt

By College Raptor StaffPublished on February 14, 2023
Staying on top of your loans can seem like a never-ending struggle. On the one hand, you have to keep track of multiple payment amounts and due dates. On the other hand, you have to figure out how to get the funds to repay the debt. But dealing with student loan debt doesn’t have to …
A student wearing graduation robes facing away from the camera.
student loans

What You Should Know About Biden’s New Student Loan Plan

By College Raptor StaffLast updated on January 24, 2023
On January 10, 2023, the U.S. Department of Education (DOE) proposed a revised pay as you earn repayment plan. This was prompted by the temporary pause on President Biden’s student loan forgiveness. The proposed plan is the Education Department’s latest attempt to make student loan repayments more affordable. If it comes through, it would reduce …
Gavel and two law books on wooden table.
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What is the Biden v Nebraska Student Loan Lawsuit?

By Hilary CairnsLast updated on January 24, 2023
Former college students and graduates all over the country are waiting to hear back about student loan forgiveness. While some have even received approvals for their applications, they may not see the money soon. The Biden v Nebraska student loan lawsuit has put things to a halt for the time being. But what is this …
Read the fine print! Here's what you need to know about the Stafford Loan.
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Q&A: Can You Switch Lenders Before Closing?

By College Raptor StaffLast updated on January 24, 2023
Many borrowers have problems with their lender’s customer service or lack of it during the loan term. It’s not uncommon for them to ask ‘Can you switch lenders before closing your student loans?’ The answer to this question is yes you can switch loan servicers/lenders before closing either federal or private student loans. But there …
Man and woman shaking hands during Penn State Fall Career Days Fair.
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Companies That Help Pay Student Loans

By Hilary CairnsLast updated on January 24, 2023
As your college graduation draws near, you may wonder, how will I pay off these student loans? There’s no doubt that college is expensive and while scholarships and grant aid can help, many students are required to take out loans to bridge the gap. Thankfully, you may not be alone in paying it back. Some …