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"Student loans that are forgiven after Dec. 31, 2020, and before Jan. 1, 2026, will not be taxed on a federal return, but for state income tax, there are some exceptions," Kathy Pickering, chief ...
As of May 2024, The Biden-Harris Administration has provided $153 billion in debt relief to nearly 4.3 million student loan borrowers. In the summer of 2023, the Supreme Court ruled to strike down ...
The Federal Student Aid (FSA) website was updated this month to state that borrowers with 20 years (240 months) of payments for undergraduate debt or 25 years (300 months) of payments for graduate ...
The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in the routine of paying their college debt — with interest.
In April 2023, President Biden announced a “Fresh Start” program for student loan borrowers, placing $34 billion worth of delinquent or defaulted student loan accounts into “current ...
According to the Education Data Initiative, the average federal student loan debt is $37,574 per borrower as of April 2023. The average private student loan debt is less than $55,000 per borrower.
Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
The U.S. Supreme Court might have struck down President Joe Biden’s federal student loan forgiveness program, but it’s pretty clear Biden himself has no plans to give up on debt relief.Last ...