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Tufts resident assistants prepare to go on strike Tuesday

Tufts resident assistants prepare to go on strike Tuesday
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Senate Covid Relief Bill Would Make Student Debt Forgiveness Tax-Free

By Abigail Johnson Hess, CNBC •
Published March 5, 2021 •
Updated on March 5, 2021 at 2:01 pm
Alex Wong | Getty Images News | Getty Images
Today, the Senate is expected to vote on a new Covid relief package. Included in the bill is a provision that would make student loan forgiveness passed between Dec 31, 2020, and Jan 1, 2026, tax-free.
While the bill does not itself include student debt forgiveness, the provision stands out as a potential sign that debt forgiveness is a serious priority on the horizon.
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If the language is as broad as it seems, then it would lay the groundwork for any student loan forgiveness, including President Biden s $10,000 proposal, to be tax-free, says higher education expert Mark Kantrowitz. It would also seem to make forgiveness after 20 or 25 years in an income-driven repayment plan tax-free. ....

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56% of Americans Support $10,000 in Student Debt Forgiveness—But Just 13% of College Students Believe It Will Happen

But faith that student debt forgiveness will happen appears to be low.
A recent survey of 3,649 current college students by study guide platform OneClass found that just 13% of students expect to see a student debt forgiveness policy implemented by the new administration.
Student loan forgiveness was one of the most important issues for voters in the past presidential election. In previous years there have been many promises made by politicians from both parties about how to handle this issue. With colleges costs continuing to climb, even throughout the Covid-19 pandemic, it is not surprising that 87% of our community respondents think loan forgiveness won t happen or was simply a tool to use for votes, says Richard DeCapua, vice president of academic affairs for OneClass. ....

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