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If your student loans were forgiven last year, what does that mean for your tax bill?

Feb 15, 2024
Due to a temporary change in the law, student loan forgiveness is not considered federally taxable income. State tax laws vary, though.
Anyone who received forgiveness in 2023 or gets it in the next two years doesn’t have to worry about federal taxes.
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As student loan payments resume, private sector sees an opportunity

Oct 9, 2023
According to PitchBook, there’s been nearly $1.2 billion invested in student loan management startups in the past year.
After not having to deal with student debt for more than three years, many people are feeling anxious about repayments.
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As student loan payments restart, borrowers feel the pinch. The economy might too.

Oct 2, 2023
Obligations resuming after three years could be a rude awakening for some. But by itself, it's not likely to start a recession, experts say.
The return of student loan obligations probably won’t tip us into a recession, but millions of Americans will feel the financial pinch, said Shannon Seery of Wells Fargo.
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Which student loan relief plan makes the most sense for you?

Sep 20, 2023
There are still options for borrowers, despite the defeat of Biden’s cancellation plan. The new SAVE repayment plan is one of them.
While the Biden administration wasn't able to strike down $20,000 in student loan debt, one change it's pushing is a reformed repayment plan.
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More than 800,000 people are getting student loans forgiven

Sep 5, 2023
It's part of a one-time fix by the Biden administration to the income-driven repayment program for federal student loans.
Last spring, the Biden administration announced a one-time fix to rectify what the education secretary called “years of administrative failures” with the income-driven repayment program.
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Pay off student loans, or save for retirement? Both.

A new law set to go into effect next year would allow you to double your money when you pay student loans.
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Are Americans ready to start paying student loans again?

Jul 24, 2023
Student loan payments will resume this fall, but a new study from TransUnion shows that many people have taken on new debt in the meantime.
More than 40 million people have federal student loans, and payments will resume this fall after a multiyear hiatus.
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For public good, not for profit.

It's getting harder to obtain loans. That's exactly what the Fed wants.

Jul 18, 2023
Fewer loans means less consumer spending, and less consumer spending means lower inflation.
"Most people's financial wiggle room is pretty small, even before they have to start repaying their student loan," said Matt Schulz at LendingTree.
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As student loan repayments are set to restart, the Education Department looks to ease the transition

Jul 3, 2023
For one thing: the first year after payments restart, borrowers who fall behind won’t be penalized.
Student loan borrowers demand President Biden use "Plan B" to cancel student debt Immediately at a rally outside of the Supreme Court on June 30, 2023 in Washington, D.C.
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