Six Student Loan Loopholes that Borrowers can Take Advantage Of

In this episode’s consultant takeover, Molly Laughter, MBA CFA, CFP®, and Meagan Landress, CSLP®, dive deep into the student loan repayment loopholes that are available for borrowers — depending on certain factors such as family situation and where they live. Molly and Meagan also discuss tax implications, including those for individuals or families who live in a community property state versus those who don’t, as well as for those who live abroad and earn foreign income.

In today’s episode, you'll find out:

• The ins-and-outs of the Double Debt Loophole
• Defining Community Property States
• Taking advantage of the Breadwinner Loophole
• How the Reverse Breadwinner Loophole can help borrowers
• Why a competent tax professional is crucial for student loan repayment
• Understanding the Foreign Earned Income Exclusion for those living abroad
• How the REPAYE Interest Subsidy works
• What to know about the Double Consolidation Loophole for Parent PLUS Loans

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