Student Loan Forgiveness

When filing their federal income tax return, students and former students who have paid interest on a qualified student loan may be eligible for a tax deduction for some or all of the interest. To record the amount paid in interest, they…

According to the Biden administration, the suspension of federal student loan payments that has been in place since March 2020 may soon come to an end. Depending on the outcome of a Supreme Court lawsuit about student loan forgiveness,…

Paying down student loans can be a challenging process that can take 20 years or more.  While there are federal programs that can forgive your student loans after a set number of payments, qualifying for them can be difficult.…

Tax day offers a long-awaited payout for some. Others may incur additional costs as a result. Your tax situation might be influenced by a number of things, including your position as a student. If you paid for qualified educational costs…

President Joe Biden suggested a change to the income-driven repayment (IDR) scheme for a student loan in January that would have cost taxpayers $138 billion over ten years. Nevertheless, the Congressional Budget Office (CBO) recently…

According to the federal Income-Driven Repayment (IDR) plan, 3.6 million student borrowers will earn at least three years of credit toward Student loan forgiveness. Yet, there are programs that can forgive all or part of your student…

Taxpayers who make payments on a qualified student loan may be eligible for relief if the loan was only utilized for higher education costs. For students in the United States, figuring out their money while attending college is an…

This spring, millions of borrowers of student loans will have their debts forgiven. According to the federal Income-Driven Repayment (IDR) plan, 3.6 million student borrowers will get at least three years of forgiveness, according to the…