Student Loan Forgiveness and Refunds: What Gets Taxed
After the initial excitement of student loan forgiveness or a refund, borrowers often worry about tax consequences.
After the initial excitement of student loan forgiveness or a refund, borrowers often worry about tax consequences.
Will borrowers provide honest information about their income? What happens if somebody lies to get forgiveness?
By focusing on political issues up until the last minute, the Biden administration overlooked and issue and hurt FFELP Borrowers.
Borrowers have over a year to submit their application, but waiting would be a huge and potentially expensive mistake.
A stunning reversal on policy means that millions of borrowers may now miss out on up to $20,000 of forgiveness.
Borrowers who paid off their loans in full could receive a refund of up to $20,000.
Some politicians want to end programs like Public Service Loan Forgiveness. The threat to borrowers is currently small, but increasing.
Borrowers may qualify for up to $20,000 in student loan forgiveness, but some immediate action may be required.
Not everyone benefits from student loan forgiveness, and some borrowers are dealing with some guilt about their student loan relief.