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

With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does ...

Student loan borrowers are encountering delays and backlogs while trying to access debt forgiveness programs. Meanwhile, a law that shielded student loan forgiveness from taxation is expiring at the ...

The update marks a major policy pivot for the administration, which previously paused debt relief through certain programs.

While many types of student loan forgiveness are tax-free federally, several states may levy taxes on student loan ...

Whether it's sky-high credit card balances, expensive medical bills, high-rate personal loans or lingering student loans, carrying costly debt has become a common thread for households across the ...

Key Points ・Settling federal student loans for less than you owe is rare and usually happens only after default. ・Private ...

The Trump administration has reached a pivotal agreement to resume student loan forgiveness programs, providing debt relief ...

IRS furloughs and delayed notices may offer temporary breathing room - but experts warn taxpayers not to mistake delays for ...