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New guidance. In theory, student loan debt can be discharged in a bankruptcy proceeding. If the bankruptcy court approves the discharge, the debtor has to submit a separate filing to prove ...
Alrena Dale, 61, was working multiple jobs to afford her monthly student-loan payments. Then came Biden's new bankruptcy guidance. How a student-loan borrower got $155,000 in debt wiped out ...
The Biden administration has approved $14.5 billion in discharges for nearly 1.1 million borrowers who were defrauded by their colleges, since it has been in office, according to the Department of...
Student loan forgiveness has become a hot-button issue ever since President Joe Biden promised it on the campaign trail in 2020. While broad student loan forgiveness was struck down by the Supreme...
The adjustment to student loan accounts would go toward helping borrowers get closer to forgiveness under income-driven repayment plans, which offer discharge after 20 or 25 years of repayment ...
One exception to the requirement to file 1099-C is when a student loan has been discharged due to the death or permanent disability of the borrower under provisions of the Tax Cuts and Jobs Act of 2017. The IRS has issued a notice that lenders or servicers of loans discharged under these provisions are not required to issue Form 1099-C, and ...
More than 200,000 borrowers who were misled by colleges will have loans discharged. The $6 billion in student loan cancellation through borrower defense Skip to main content
Biden's administration posted notices to withdraw its broader student-loan-forgiveness plans. Amid lawsuits, the Education Department wrote that it stands by the legality of its debt-relief plans.