When Can Student Loans Be Discharged?
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When Can Student Loans Be Discharged?

What Is Student Loan Forgiveness? Student debt has reached an all-time high in the U.S. of late, with an estimated 40 million people now owing an average balance of $29,000, according to credit report company Experian. However, under certain circumstances, federally backed student loans—such as Direct Subsidized Loans and Federal Perkins…

Understanding The Income Statement
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Understanding The Income Statement

What is an Income Statement? An income statement is one of the three important financial statements used for reporting a company’s financial performance over a specific accounting period, with the other two key statements being the balance sheet and the statement of cash flows. Also known as the profit and loss statement or the statement of revenue and expense,…