For the first time in five years, certain forms of student loan forgiveness will be taxable following a change in federal tax ...
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.
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What is debt forgiveness?
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 ...
As of 2026, some loan borrowers may face a sizable tax bill ...
More than 800,000 federal student loan holders remain stuck in a backlog of applications for an affordable repayment plan or debt forgiveness, a new court filing shows. The challenges accessing income ...
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Student loan borrowers in Illinois could face federal, state tax bomb in 2026
Certain types of student loan forgiveness face federal and state taxes after a law that protected borrowers expired. Now they ...
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