The Treasury Department will take over the collection of defaulted federal student loan debt, and will support efforts to bring borrowers back into repayment.
Some types of student loan forgiveness will be taxed again after five years of being tax-free. The change will impact borrowers in income-driven repayment plans who have their debts canceled as a ...
A law that shielded student loan forgiveness from taxation at the federal level expires at the end of 2025. Meanwhile, the federal government has resumed garnishing the tax refunds of borrowers in ...
For the first time in five years, certain forms of student loan forgiveness will be taxable following a change in federal tax policy this year. This comes after a provision of the American Rescue Plan ...
Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. Navigating student loan forgiveness is tougher than ever for ...
A federal tax exemption for student loan forgiveness expired at the end of last year. Forgiven student loan amounts will now be considered taxable income at the federal level and in some states, ...