No, because the student loan is to be repaid, it is not considered income. Scholarships and bursaries are income and must be claimed as such.

If you are an eligible student that has paid interest on a covered student loan and you meet all other requirements under TRA'97 you can claim a maximum deduction of $1,000 for 1998. Please refer to Tax Relief Act for more information.

Qualified individuals can deduct a portion of their education loan interest payments (up to an annual maximum of $2,500). Interest paid during the first 60 months of scheduled repayment may be deductible. Deductions for student loan interest may be made for interest due and paid during 2006. The loan must have paid for qualified education expenses including tuition, fees, room, board, books, supplies, and transportation at an eligible postsecondary institution.

Yes. The Federal Stafford Loans are awarded based on financial need, which determines how much your family is expected to contribute regardless of income. If you do not qualify for a Subsidized Loan, you can apply for an Unsubsidized Loan. Private loans may also be available.

Yes. Eligibility for the deduction is phased out if you have a modified adjusted gross income between

Student loan consolidation was introduced by the United States Government to ease the burden of paying back student loans. The program is easy and does not require a credit check. Before accepting any student loan you should make sure you are familiar with all of the terms of the loan. Remember that you could be paying for this student loan for many years, so it is important to make an informed decision.

We encourage you to do everything you can to avoid taking out a student loan while at SCC. Our costs are low enough, that most grant awards will cover tuition and books. If you do need to pursue a student loan, you will need to request instructions and application materials from our office. There are several steps involved, so please be sure you get our information packet and complete all steps.

Refinance student loan is another term for student loan consolidation. When you refinance student loan, you can improve the rates and terms of your loans and combine them into one convenient package. Refinance student loan can help you reduce your payments and interest rates.

Before taking out your first loan, you must complete an entrance counseling online that explains your rights and responsibilities as a borrower. Once you take out a loan, it is important that you keep the lender and your college informed of any changes in your address or enrollment plans.

For loan qualification purposes, income is income. Social Security payments, private pension income and disability entitlements all can qualify you for a loan. Federal law prohibits discrimination against a loan application based on age.

A stated income loan is where the income that is put on a mortgage application is not verified at all. Not by taxes or even with pay check stubs. The bank simply believes that the income that is put on the application is 100% true.

You can apply to refinance student loan by clicking "apply now" anywhere on our site. This will take you to our free application to refinance student loan, which will only take you a few minutes to fill out. You do not need to know the details of your student loan portfolio to complete the application. Once you submit your application, we will contact you for your free student loan consultation.

Answer: Yes. The McCallum Graduate School of Business participates in all federal loan programs including the Stafford Loan program. There are also many alternative student loan programs available including the Massachusetts Education Financing Authority (MEFA), CitiBank CitiAssist Loan, Nellie Mae's GraExcel loan, MBA Loans and the Business Access loan. For more information or an application for any of these loan programs, please contact the Office of Graduate Financial Assistance at 781.891.

Yes. The 2005 Canadian Federal Budget added "phototherapy equipment for the treatment of psoriasis and other skin disorders", as an allowable "Medical Expense Tax Credit" (METC). Visit our METC webpage for more information.