Following a 5 year pause, on May 5, 2025, the Department of Education will once again resume collections of defaulted student loans. This may cause family members to try to step in to assist family members at risk of being sent to collections, but these family members also have to be aware of the gift tax rules when making student loan payments on behalf of someone else....
Michael Ruger - Greenbush Financial Group
Following a 5 year pause, on May 5, 2025, the Department of Education will once again resume collections of defaulted student loans. This may cause family members to try to step in to assist family members at risk of being sent to collections, but these family members also have to be aware of the gift tax rules when making student loan payments on behalf of someone else....
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7 months ago | [YT] | 1