Securing an Online Loan with Your Voter ID While a voter ID is a valuable document for exercising your democratic right, it can also be surprisingly helpful when applying for an online loan. Similar to how a barangay ID works in the Philippines, a voter ID can serve as a key to financial resources in […]
Is Student Loan Forgiveness Taxable In California? (2024)
In California, the situation with student loan forgiveness and taxes has changed. Previously, there was a chance it could be taxed because California law didn’t conform to a federal rule exempting it from federal taxes. However, in May 2023, California passed legislation that exempts forgiven federal student loans from state income taxes. This means Californians […]
Pros And Cons Of Student Loan Forgiveness
Here’s a breakdown of the pros and cons of student loan forgiveness, along with some important considerations: Pros Economic Stimulus: Forgiving student debt could inject billions back into the economy. Freed from this burden, borrowers would be more likely to buy homes, start businesses, and spend on goods and services. Addressing Racial Wealth Gap: Student debt disproportionately […]