Beware of Income Based Repayment

John McFie shares the pitfalls of the Student Loan Income Based Repayment Program and suggests alternatives to reduce or even bypass Student Loan debt.

Note: Some student loans are not taxable when forgiven. Here are some resources on this topic:

http://studentloanhero.com/featured/owe-taxes-student-loan-forgiveness/

http://www.finaid.org/loans/forgivenesstaxability.phtml

And if someone is insolvent (liabilities greater than assets - IRS definition) they can avoid the tax on forgiven debt,...

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Related topics : student loan programs for repayment