Student Loan Advice
I’m hoping someone can help me with some student loan advice. My husband and I are both taking classes through Strayer University and using tuition reimbursement. We get a tax free amount of $5250 a year. After we go over that amount, we are getting taxed 36%....OUCH!!! Those taxes will come out of the reimbursement money so I'll be owing the college the rest.
We're going to need student loans to help us out. I'm not real familiar with them and know there are federal and private loans. If anyone can give me info on both I'd appreciate it! I fear that my husband and I may make too much to get a decent amount for a federal loan, not sure how that works. I know we already make too much for any decent financial aid.
All together I figure we will have approx $10,000 total in student loans because my husband is going for his Masters. He will be done in Spring of 2011 and I will be done with my Bachelors of Science in Winter of 2011. What do you think are the best options for us?
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