Student Loan Tax Offset and What It Is
A student loan tax offset is the tax refund that the government offsets, and this is to cover for student loan payment for the loan on default, but there are also solutions that can be done, according to Bruce Mesnekoff, the nationally recognized expert in student loan management and consolidation. The key here is the federal student loan on default, thus should not be allowed to be in this situation, and there are steps that can be done to help the student borrower keep the loan current. If the student loan is paid fully, there will no longer be the tax offset, or the loan is rehabilitated and a new repayment scheme is laid out and actually done, the student loan will go current, thus no tax offset that will be made. A tax offset will not really happen if the student loan is current and not on default, thus the key is avoid the loan going to default.
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