Student loan holders who get their debt excused in 2026 can expect a hefty tax bill. But there are steps you can take to prepare, and some may not have to pay.
Many borrowers have already met the requirements for loan forgiveness under income‑driven repayment (IDR) plans.
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 ...
The Education Department indicated this week that student loan forgiveness approvals may surge during the second half of ...
More than half a million federal student loan borrowers remain in a backlog of applications for an affordable repayment plan, a court filing revealed.
The relief will be processed after the March 5 opt-out deadline. It comes as the Education Department prepares to implement its broader repayment overhaul. Some student-loan borrowers are getting an ...
In an ominous sign for student loan borrowers, the Education Department published new data indicating that backlogs for ...
Major uncertainty remains about whether the Education Department will act on the ruling.
Many Americans were holding their breath that some — or even all — of their outstanding student loan debt might be forgiven thanks to legislation that was introduced by the Biden administration in ...
It would be hard to blame student loan borrowers for stumbling into 2026 like dazed freshmen on their first day on campus. A dizzying parade of changes has upended the federal student loan landscape ...
The resumption of student loan payments in late 2023 -- after a three-year hiatus that started during the COVID-19 pandemic -- has affected millions of borrowers. In the years since, borrowers have ...