Student Loan Loopholes That Dont Work
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Student loan loopholes aren\\u2019t always a good thing. While many loopholes can benefit borrowers by helping them pay less on their student loans, some can end up doing more harm than good. Listen in as I dismantle eight loopholes that actually aren\\u2019t loopholes, from rolling your student loan into a mortgage or practice loan to borrowing from your parents to relying on your spouse\\u2019s ability to pay for your tuition and living expenses while at school.
In today\\u2019s episode, you\'ll find out why these loopholes don\\u2019t work:
- How to get your student loan questions answered on the podcast
- Turn your non-deductible student loan interest into deductible mortgage interest
- Roll your student loan into your practice loan to get a tax deduction
- Borrow from your parents or other family members to pay down your student loan
- Borrow from the Department of Health and Human
- Services, i.e. Loans for Disadvantaged Students
- Pay off your student loan with a credit card
- Use your spouse\\u2019s money for tuition and living expenses while you\\u2019re at school
- Go to a Caribbean medical or vet school instead of waiting for another acceptance
- Work while you\\u2019re still in school
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