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Understanding the "Tax Bomb" and Handling the Tax Repercussions of Student Loan Forgiveness – The Republic Monitor

For the 3.6 million Americans who benefited from student loan forgiveness programs like IDR or PSLF, the relief of reduced student loan burden may come with an unexpected consequence: taxation. The recent announcement by the Biden-Harris administration allocating $4.8 billion to assist over 80,000 student borrowers raises concerns about the potential tax implications associated with […] ....

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The Student Loan Payment Pause Is Over. So What Are Your Options?

After more than a three-year federal student loan payment pause, payments resumed on Oct. 1, 2023. I have spoken to hundreds . ....

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Will I be taxed on student loan forgiveness?

Student loan payments will resume soon, and borrowers are taking another look at their debt. Some forms of loan forgiveness are taxable. If you aren't prepared, the taxes on student loan forgiveness can be significant. ....

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