6 Student Loan Forgiveness Takeaways

6 Student Loan Forgiveness Takeaways After Court Deals Major Blow To Key Plans
Millions of borrowers pursuing student loan forgiveness could be impacted by the fallout from the recent decision. Here are the key takeaways.
Where do student debt forgiveness, repayment plans stand after court blocks Biden SAVE Plan?
A U.S. appeals court decision this week blocked the SAVE Plan that would have lowered monthly payments for some borrowers and helped others get relief faster. It is not yet clear what would happen
Student Loan Forgiveness Suffers Fatal Blow
The 8th Circuit Court of Appeals sided with Republican-led states that sued to block Biden's Saving on a Valuable Education plan.
Student loan forgiveness: Circuit court kills Biden’s SAVE plan - monthly payments may increase
A federal appeals court ruled that the Biden administration did not have the authority to pursue a student loan forgiveness plan. Here's what might happen to borrowers with monthly payments
5 States Where You Have to Pay Taxes on Federal Student Loan Forgiveness
KEY TAKEAWAYS If you live in Arkansas, Indiana, Mississippi, North Carolina, or Wisconsin, you may have to pay state income taxes on federal student loan forgiveness you received.Federal student loan forgiveness is exempt from federal income tax under the American Rescue Plan Act (ARPA).
Linda McMahon Wants to Keep Student Loan Forgiveness Program—Who's Impacted
During Linda McMahon's confirmation hearing for education secretary, she said she will uphold the loan program.
Debt forgiveness vs. Chapter 11 bankruptcy: How to choose the best option
W hen you're facing increasing amounts of debt without a way to pay it off, the path forward isn't always clear. As a result, ...
Debt Nearly Buried Them. Here’s How They Got Out of the Hole.
People who find themselves in financial trouble sometimes consider taking drastic measures when their situation appears ...
Biden's SAVE repayment plan for student loan borrowers is dead. Here's what to know
Now that the Biden administration’s SAVE plan is blocked, millions of student loan borrowers will need to find a new way to ...
Do You Qualify For These New Student Loan Forgiveness Programs?
The debate over student loan forgiveness has mainly focused on sweeping federal proposals. Now, some states are taking ...
Biden’s $475B student debt cancellation plan blocked as federal appeals court issues final decision
A federal appeals court delivered a crushing blow Tuesday to a more than $475 billion student debt cancellation program begun ...
The Hill3d
Appeals courts blocks Biden student debt relief plan
The SAVE plan was implemented after the Supreme Court blocked Biden’s efforts to give partial universal student debt forgiveness. The SAVE plan lowered some borrowers’ payments to $0 per month ...