Archives by Month

May 2019

Unemployment Rates

With college tuition increases outpacing inflation by a substantial margin, it’s normal to ask whether a college degree is worth the cost. One metric for determining that is whether a degree results in lower unemployment. A recent New York Fed report shows that college graduates have consistently lower unemployment rates than those without a degree. Not only that, but during…

Scholarships and Taxes

Do you have to pay taxes on a scholarship? It depends what the scholarship is for. To understand taxes on scholarships, it’s worth remembering that the IRS defines qualified expenses differently for different purposes. Expenses get more or less the same treatment for taxability of scholarships as they do for education tax credits, so let’s review those.

Student Loan Interest Rates 2019-2020

The May Treasury auction has taken place, which means that federal student loan interest rates for the coming school year have been set. And there’s good news: for the first time in three years, interest rates went down– by about half a percent. Keep in mind that federal student loan interest rates are fixed, meaning borrowers won’t see their costs…