You can’t write off the loan, but you may be able to deduct interest paid.
About the author
Travel rewards, personal finance
Currently pursuing accredited financial counselor (AFC) certification.
- Freelance writer specializing in personal finance and travel content
- Founder of Family Money Adventure, a website dedicated to helping families manage their money better so they can afford to live the life they dream of
- 2020 Plutus Awards Finalist
Kevin Payne is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.
He is also the personal finance expert behind Family Money Adventure, where he regularly shares practical advice on managing family finances and traveling with a family. His lifelong love of travel and raising four teenagers with his wife led to a deep dive into the world of credit card rewards. Kevin and his family have managed to plan several family vacations using travel rewards.
Family Money Adventure was a 2020 Plutus Award finalist for Best Family or Couples Finance Content. Kevin is a member of the Northeast Ohio Parent Magazine blogger team. He is also a member of the Plutus Foundation Advisory Group.
Kevin's Latest Articles
3 min read Sep 02, 2021
The amount varies by individual, but there are guidelines.3 min read Aug 02, 2021
Cost of living is used to compare the livability of different cities.3 min read Jul 28, 2021
Is your checking account the best one?3 min read Feb 16, 2021
Here’s a step-by-step guide on how to find a lost savings bond.3 min read Nov 16, 2020
Here’s a look at why CD rates are so low and what you can do to make the most of low CD rates.3 min read Nov 12, 2020