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Forgiveness at the end of an income-driven repayment plan will be taxable beginning in 2026, potentially resulting in large ...
The student loan debt balance in the U.S. has increased by 66% over the past decade, totaling more than $1.77 trillion, according to the Federal Reserve. The most recent data available from the ...
When the U.S. Supreme Court blocked President Joe Biden's widespread student loan forgiveness plan earlier this year, it seemed like a death knell for much-anticipated relief for many borrowers.
The Department of Education has temporarily paused discharges for Income Based Repayment (IBR) plan student loan borrowers in ...
Millions of borrowers began accruing interest again on their federal student loans this month. Here's what that could cost.
The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025.
NEW YORK (AP) — Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a ...
Millions of borrowers enrolled in IBR are working toward their 20- or 25-year forgiveness dates, making payments based on the promise of eventual discharge.
In the latest twist to the nation’s student debt crisis, the U.S. Department of Education has quietly suspended student loan forgiveness under the Income-Based Repayment (IBR) plan, Forbes reports.
President Donald Trump's Department of Education quietly updated its guidance on student-loan forgiveness for borrowers on income-based repayment plans, which give enrolled borrowers monthly ...
It also invokes a statute that authorizes student loan forgiveness of the balance at the end of a 20- or 25-year repayment term. When will IBR forgiveness resume? The Education Department hasn’t given ...