USAToday reports that a handful of states have decided to go ahead and tax student loan forgiveness, Most states followed suit and didn’t impose taxes on student loan cancellations. But in the handful that do plan to tax forgiveness, borrowers should get ready so they’re not surprised this tax season or worse, face an audit. Which states will […]
New Student Loan Repayment Plan Offers the Best Deal Ever Offered
The Biden administration on Tuesday August 22 announced the details of the best deal ever offered to federal government student loan borrowers who qualify for income driven repayment (IDR), The Department of Education is now accepting applications for the “Saving on a Valuable Education” program or SAVE. The SAVE Plan replaces the Revised Pay As […]
Supreme Court Rejects Biden’s Student Loan Forgiveness Plan: Biden v Nebraska
The US Supreme Court has ruled, in Biden v Nebraska, that President Biden did not have the authority to cancel or reduce student loan debt. The court ruled that the administration does not have the authority to spend this much money without Congressional approval. The court held that the HEROES Act contained no language that […]