Some types of student loan forgiveness will be taxed again after five years of being tax-free. The change will impact borrowers in income-driven repayment plans who have their debts canceled as a ...
The relief will be processed after the March 5 opt-out deadline. It comes as the Education Department prepares to implement its broader repayment overhaul. Some student-loan borrowers are getting an ...
Student loan holders who get their debt excused in 2026 can expect a hefty tax bill. But there are steps you can take to prepare, and some may not have to pay.
While many types of student loan forgiveness are tax-free federally, several states may levy taxes on student loan forgiveness. Even though some popular programs like Public Service Loan Forgiveness ...
Starting this year, borrowers who get their federal student loans forgiven could face big tax bills. The new rule will apply to those in income-driven repayment plans, which limit monthly payments to ...
The Education Department cleared more applications than it received in February.
After a court declined to approve Trump's settlement to eliminate the SAVE student-loan repayment plan, borrowers filed a ...
In fact, the White House plan has guardrails in place to prevent the richest Americans from taking advantage of the program. Only individuals making less than $125,000 a year and couples making less ...
(InvestigateTV) — A change in 2026 tax policy has created confusion over how some forms of student loan forgiveness will be treated. Starting in January, certain types of forgiveness may be taxable ...
Student loan borrowers whose remaining balances are cancelled from 2026 onwards may face significant federal tax bills after a temporary tax shield expired at the end of 2025. The change affects ...
The Treasury Department will take over the collection of defaulted federal student loan debt, and will support efforts to bring borrowers back into repayment.