Those affected by the change "are obviously, and rightfully so, really worried about this," one advocate said.

A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...

Some student loan borrowers who get their debt canceled in 2026 may be hit with a tax bill now that a law protecting the ...

A provision that made student-loan forgiveness tax-free is expiring in 2026. It could put borrowers on the hook for thousands of dollars in taxes.

Student loan balances are vanishing for some borrowers in a matter of weeks, not years, as the federal government accelerates ...

Freedom Debt Relief negotiates settlements with your creditors until all of your enrolled debt is resolved. Once you approve ...

The student loan debt tax bomb can happen when you have to pay taxes on the student loan forgiveness you received. However, most people will avoid the tax bomb due to a tax process called insolvency.

For millions of borrowers, finally seeing a student loan balance wiped away is supposed to mark the end of a long financial ...

With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does ...

U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026. Beginning January 1, student loan debt forgiveness could carry a high tax liability.