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Greatlakes Student Loans

Lydia Said:

Paying off loan with money order sends red flag to IRS?

We Answered:

You have nothing to worry about. First off, paying off a student loan is not going to cause the IRS computers to go crazy. Secondly, the money you received from grandpa is not considered taxable income and you do not need to report it (I'm just assuming this is something you are concerned about). Go ahead and pay off your student loan. And congratulations on retiring a debt.

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