Tag Archives: Student Loan Forgiveness

Some States Could Tax Forgiven Student Loan Debt

college graduation

Elaine S. Povich Indiana will apply state income taxes to federally forgiven student loans, joining North Carolina and Mississippi, diminishing the benefit to borrowers who live in those states. A handful of other state revenue agencies are considering doing the same. While President Joe Biden’s order last month forgiving student …

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After $1.9 Trillion Giveaway to Rich, McConnell Calls Debt Relief for Working Class ‘Slap in the Face’

Sen. Mitch McConnell

Five years after Senate Minority Leader Mitch McConnell aggressively pushed a $1.9 trillion tax cut package that disproportionately benefited corporations and the wealthiest Americans, progressives on Wednesday were uninterested in his complaints about President Joe Biden’s cancellation of some student debt for working Americans. “You should sit this one out,” …

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Changes Coming To The Public Service Loan Forgiveness Program

On Wednesday, the U.S. Department of Education announced an overhaul of the Public Service Loan Forgiveness (PSLF) Program that it will implement over the next year to make the program live up to its promise. This policy will result in 22,000 borrowers who have consolidated loans—including previously ineligible loans—being immediately eligible …

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