The American Rescue Plan Act of 2021 will make most student loan forgiveness tax-free until 2025, then borrowers may owe thousands in taxes.
A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
When Maureen J. first learned her student loans would be canceled in February 2026, she was elated. She’d had the loans since the early 1990s, using them to pay for graduate school and law school. The ...
U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026. Beginning January 1, student loan debt forgiveness could carry a high tax liability.
The financial liability is due to a change in tax law scheduled to take effect in early 2026. Borrowers who believe they are receiving federal student-loan forgiveness could face tax liabilities of up ...
More than 43 million Americans carry student loan debt, and recent grads aren't the only ones feeling the pinch. Data show that many borrowers are in their 40s, 50s, and even 60s, still paying off ...
After years of changes to repayment options, borrowers are struggling to stay on top of their loans A relatively small share of student-loan borrowers are making their payments on time, while many ...
The Education Department won't target the Social Security payments of defaulted student-loan borrowers for now, but is still moving forward to offset tax refunds and pursue wage garnishments Earlier ...
Elizabeth Guevara is a journalist working to explain the world of business and economics and how it impacts your finances. She joined Investopedia in 2024 as a breaking news writer covering personal ...
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