OK, get ready, because here it comes. Governor Duval
Patrick,
of course of very recent note, in the Boston Marathon Bombing,
said regarding his new budget that in looking to close loopholes,
he is looking to tax the value of your college scholarship. Oh yeah,
that will definitely encourage higher education. Here is the source of the
story: Taxing College Scholarships
This is just one of the many personal
exemptions the Governor is trying to get rid of. And while his new budget
may not pass in its entirety, that does not mean that individual parts will
not.
Political analyst, columnist, and radio talk show host Jeffrey Kuhner says that Patrick’s proposal to tax scholarships is anti-growth and an assault on Americans.
“Frankly, I don’t think we should tax anything. We’re overtaxed. We should be cutting taxes to grow the economy,” Kuhner said. “The state government has more than enough money if they would go after the waste, fraud, and abuse.”
In all seriousness, I am not suggesting that you are entitled to a free college
education, however, when you simply consider the return on the
investment of a college education in todays world, I would suggest choosing
very carefully what your career path will be. Every day, I speak to graduates who are totally stressed out over their Federal and private student loans,
because their seems to be no end in sight to a final payoff. At least as far as Federal Loans go the Dep’t of Education has many programs to relieve the payments and lower the interest rates on your Federal student loans.
You can get a free no obligation quote on federal student loan relief by
visiting consolidate my student loans.
Where you can download a simple one page application to get a free quote.
What about other types of debt including private student loans. Well,
if your private student loans have gone to collection, then they may qualify
for a debt settlement program.
Here are the phone numbers:
The ADE Debt Relief Phone Numbers
Free Credit Counseling--- 877-766-2465
Student Loan Consolidation---877-766-2465
Free Bankruptcy Counseling-- 516-204-4640 (National Number)
Credit Restoration Counseling-888-586-2661 Inc. Credit Report Review
Each of these numbers provides Free Counseling.
Yours Truly
Steven Ciantro
Consumer Advocate
American Debt Enders
Rated 3rd
Nationally
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Member National Association of Certified Credit Counselors
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