Adjusted gross income (AGI) is a crucial calculation for determining eligibility for various financial aid programs. For many student loan borrowers, understanding how AGI impacts their loan repayment options can be critical.
Understanding how to calculate AGI and its relevance to student loans empowers individuals to make informed financial decisions. By adjusting their AGI, borrowers may qualify for lower interest rates, extended repayment plans, or even student loan forgiveness programs. Historically, AGI has played a significant role in shaping federal financial aid policies.