For the first time in five years, certain forms of student loan forgiveness will be taxable following a change in federal tax ...
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Student loan tax bomb is back, how to prepare now
Student loan borrowers who have spent years planning around tax-free forgiveness are waking up to a very different reality. With the temporary shield that kept most canceled student debt off federal ...
The federal student loan program has some big changes on the way, impacting current borrowers and those in repayment. Most of the changes take effect on July 1, 2026, as per new provisions in the One ...
For millions of borrowers, finally seeing a student loan balance wiped away is supposed to mark the end of a long financial slog. Instead, many are about to discover that the year their debt ...
A provision that made student-loan forgiveness tax-free is set to expire next year. Sen. Elizabeth Warren is calling on the IRS to use its authority to prevent its expiration. Should the provision ...
The changes stem largely from the megabill President Donald Trump signed into law in July. Money; Getty Images Student loan borrowers are facing major changes to federal education lending that start ...
Millions of student loan borrowers could soon face higher payments as the Education Department moves to implement new ...
WASHINGTON, DC - FEBRUARY 28: People rally in support of student loan forgiveness in front of the the U.S. Supreme Court on February 28, 2023 in Washington, DC. (Photo by Drew Angerer/Getty ...
If you don’t understand it, that’s not your fault. It’s just phenomenally complicated,” says Winston Berkman-Breen, legal director at Protect Borrowers.
After these new regulations go into effect in just a few months, millions of borrowers will start experiencing higher monthly payments on their student loans.
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Student loan borrowers in Illinois could face federal, state ‘tax bomb’ in 2026
Certain types of student loan forgiveness face federal and state taxes after a law that protected borrowers expired. Now they ...
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