Tag managing student debt

Can I Use Scholarships to Pay Off Student Loans?

Using scholarships to pay off student loans is generally not permissible, as scholarships are intended to cover educational expenses and not to repay existing loans. However, understanding how scholarships function can significantly aid in managing your finances both during and…

Can My S Corp Pay My Student Loans?

Paying your student loans through your S Corporation is generally not permissible as a direct expense; however, there are ways to structure compensation that can help manage your student debt effectively. By leveraging salary and potential reimbursement plans, S Corporation…