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  2. Top 5 debts to prioritize paying off before retirement - AOL

    www.aol.com/finance/debts-to-pay-off-retirement...

    Here’s how to approach prioritizing debt before you retire, ranked by most important to tackle first. 1. Credit card debt. Paying off high-interest credit card debt should be your top priority ...

  3. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

    The Mortgage Forgiveness Debt Relief Act of 2007 was introduced in the United States Congress on September 25, 2007, and signed into law by President George W. Bush on December 20, 2007. This act offers relief to homeowners who would have owed taxes on forgiven mortgage debt after facing foreclosure. The act extends such relief for three years ...

  4. What is debt forgiveness? - AOL

    www.aol.com/finance/debt-forgiveness-202301471.html

    Common debts people want forgiveness for often include credit cards, student loans, medical bills, mortgage payments and tax obligations. Understanding how debt relief and debt forgiveness can ...

  5. What is a 1099-C Cancellation of Debt form? - AOL

    www.aol.com/finance/1099-c-cancellation-debt...

    If you have more than $600 of taxable debt forgiven, you’ll receive a 1099-C Cancellation of Debt form from the lender. This form is a tax document that the lender is required to file. It will ...

  6. Public Service Loan Forgiveness - Wikipedia

    en.wikipedia.org/.../Public_Service_Loan_Forgiveness

    Public Service Loan Forgiveness. The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time ...

  7. Economic policy of the Joe Biden administration - Wikipedia

    en.wikipedia.org/wiki/Economic_policy_of_the_Joe...

    In March 2024, the Biden administration announced that it would forgive $5.8 billion in student loan debt to 78,000 borrowers under the PSLF program, [130] and then an additional $7.4 billion in student loan debt for 277,000 borrowers from additional changes to the PSLF program the next month, which brought the total dollar amount of student ...

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