Biden Proposes Making Student Loan Forgiveness Tax-Free Permanently

On March 28, 2022, President Biden proposed making student loan forgiveness tax-free, permanently, in his fiscal 2023 budget. This proposed change primarily only affects borrowers pursuing forgiveness under 20- and 25-year income-driven repayment plans (IDR). Public Service Loan Forgiveness (PSLF) has been tax-free since its creation in 2007 due to statute. Death and disability discharge […]

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