Your Money: Jul. 5, 1999

STUDENT DISCOUNT More than 2 million students with federal loans can now get reduced interest rates by rolling their IOUs together and repaying them electronically. Students with a $10,000 debt and a 10-year repayment plan will save more than $500 on average by consolidating their loans before they start to come due and allowing Washington to collect payments automatically.

NICE NO LONGER The IRS is unplugging a popular charitable-giving scheme that is also a way to buy life insurance. Thousands of taxpayers have been writing off donations to charities that agree to use the money to buy life insurance for the...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!