Key Points ・The federal tax-free exclusion for most student-loan forgiveness under the American Rescue Plan Act of 2021 ...

The Trump administration has resumed processing loan forgiveness for borrowers on income-driven repayment plans.

While they won’t be charged federal taxes, borrowers in certain states may have to pay state income taxes on the forgiven ...

Debt cancellation can erase what you owe under certain circumstances, but it's not always as simple as it sounds.

Learn about phantom income, a taxable gain not received by individuals or partnerships, its types, how it affects taxes, and ...

CHICAGO -- Over the next few weeks, students across the country will be graduating college with a diploma and student loan debt. Consumer Reports say there may be relief ahead if you qualify for a ...

WASHINGTON -- The Biden administration said Friday that it is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.

WASHINGTON -- President Joe Biden announced his decision on Wednesday to cancel some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers. The ...

Student loan forgiveness for millions may soon resume due to an agreement between the Trump administration and the American ...

“There are two things that student loan borrowers need to know: There are changes in the way student debt is taxed, and the other is Congress didn’t extend tax-free student loan forgiveness,” Mike ...