Erasing “debt.” Getty Images You’ve likely heard about the student loan forgiveness announcement from President Biden. Key Takeaways This could be the perfect opportunity to start investin...
Tag: Forgiveness
These states may tax federal student loan forgiveness
dmphoto | E+ | Getty Images There’s good news if you’re eligible for student loan forgiveness: It won’t trigger a federal tax bill. And while some may still owe state taxes, it may b...
Here’s Everyone Who Qualifies After White House Announces Further $1.5 Billion In Forgiveness
Topline The White House forgave $1.5 billion in student loan debt for attendees of the now-closed Westwood College on Tuesday, bringing the total relief under the Biden Administration to a whopping $3...
Mortgage rates are up, but home prices may have peaked — just as debt forgiveness frees up more cash
‘We are at the turning point’: Mortgage rates are up, but home prices may have peaked — just as debt forgiveness frees up more cash U.S. mortgage rates have spiked to their highest level in two months...
White House Topped Twitter By Trolling GOP On Loan Forgiveness
Topline The White House scored the most popular tweet of the week with a snarky thread clapping back at congressional Republicans who criticized President Joe Biden’s student loan forgiveness pl...
‘Consequences for taxpayers’: Here’s how much President Biden’s student loan forgiveness plan could cost you. (Hint: It’s in the thousands.)
‘Consequences for taxpayers’: Here’s how much President Biden’s student loan forgiveness plan could cost you. (Hint: It’s in the thousands.) President Joe Biden has some good news if you are und...
Scammers leverage student loan forgiveness, FTC says. Here’s how to protect yourself
President Biden this week announced a long-awaited plan to forgive student debt for millions of borrowers — and criminals will likely leverage the news to steal from unsuspecting victims, the Federal ...
Student Debt Forgiveness May Be Taxable in More Than a Dozen States
(Bloomberg Law) — The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a ...
Who qualifies for Biden’s ‘unprecedented’ $20,000 student loan forgiveness? When will cancellation occur? Here’s what we know so far
Do you have questions about the student loan relief plan the Biden administration unveiled on Wednesday? Please email them to reporter Alicia Adamczyk at [email protected]. On Wednesday, aft...
Could Crypto Markets Rally as Midterms Bring Student-Debt Forgiveness?
With the U.S. midterm on the horizon, politicians, including Joe Biden, are targeting younger voters through a recently announced student loan debt-forgiveness plan that could free up cash for crypto ...
Student Loan Forgiveness Plan Won’t Make Inflation Worse—Even If It Adds $400 Billion To Deficit, Goldman Says
Topline President Joe Biden’s historic plan to forgive up to $20,000 in student loans for millions of borrowers quickly drew criticism for potentially threatening to tack on to inflation that...
Borrowers currently in college are eligible for Biden’s $10,000 in student loan forgiveness
College classrooms around the country are celebrating as President Joe Biden announced Wednesday that current students will be eligible for $10,000 in federal student loan debt forgiveness. Though spe...
How to apply for student loan forgiveness
Loan forgiveness is shown using a text / Credit: Getty Images/iStockphoto President Biden made a massive student loan debt relief announcement on Wednesday, revealing he’s canceling up to $20,00...
Dennis Porter suggests alternative student loan forgiveness program using Bitcoin
Satoshi Action Fund CEO Dennis Porter proposed a radical alternative to President Biden’s student debt forgiveness plan. Instead of forgiving $10,000 in student debt, Biden should have given each pers...
Do I qualify for student loan forgiveness? What to know about Biden’s debt plan.
LIFE OFF PAUSE: How the student loan payment pause changed people’s lives President Joe Biden confirmed Wednesday what many have anticipated for months – a plan to forgive or reduce student loan debt ...
How to Claim Your Student Loan Forgiveness
The Biden administration is canceling a portion of federal student loan debt. Stefani Reynolds/AFP/Getty Images Text size The Biden administration is canceling a portion of federal student loan debt a...
A millennial who paid off $100K in student loans just months before Biden announced forgiveness says the president should ‘forgive all of it’
There was no confetti. No congratulations or fanfare of any kind. No one cheered for Steve, a 36-year-old software engineer in Texas, when he woke up at 6 a.m. on March 15, 2022, and made his final st...
What $10,000 in student loan forgiveness means for your tax bill
The good news for borrowers? An estimated 43 million Americans with student loan debt will have $10,000 wiped away from their balances. The even better news? The debt relief is tax-free. As President ...
Here are the top 10 states where borrowers will benefit most from Biden’s loan forgiveness
President Joe Biden announced today that his administration will forgive up to $20,000 in student loan debt for federal borrowers. That debt relief will go a lot further in some states than in others....
These student loans are not eligible for forgiveness
Not all student loans are eligible for forgiveness. / Credit: Getty Images/iStockphoto Federal student loan borrowers may be getting some relief soon, as President Biden outlines his official plan to ...
Student Loan Forgiveness And How To Balance Debt Against Your Other Financial Goals
Biden cancels student loans for millions. Getty Images Key Takeaways Biden has canceled student loan debt for millions and extends loan payment pause. Borrowers should consider the loan’s interest rat...
Key events on the path to student loan forgiveness
A woman holds a sign during an Occupy Wall Street rally against the high cost of college tuitions April 25, 2012 in New York. Don Emmert | Afp | Getty Images For the millions of Americans with student...
What Does Student Loan Forgiveness Mean For Investors?
Getty Images for We, The 45 Million Key takeaways The Biden administration has just a few days left to extend the student debt moratorium or let borrowers restart payments The moratorium has sparked d...
Larry Summers Opposes Full Student-Loan Forgiveness
President Joe Biden will likely announce soon the fate of student debt, as the current pause in federal student-loan payments is set to expire Sept. 1. About 45 million people owe approximately $1.7 t...
Most Americans Worry Student Loan Forgiveness Will Worsen Inflation, Poll Finds
Topline The majority of Americans are concerned student loan forgiveness could worsen inflation, according to a CNBC/Momentive poll, as the Biden Administration prepares to make an announcement regard...
I Got Public Service Loan Forgiveness, Now What?
courtesy of Getty Creative. getty The past few months have brought some pretty eye-catching trends and headlines where our collective finances are concerned. These days, you can’t go far without bumpi...
Student Loan Forgiveness Could Be The Biggest Mistake Of Biden’s Presidency
President Joe Biden (Photo by Chip Somodevilla/Getty Images) Getty Images Student loan forgiveness could be the biggest mistake of Biden’s presidency. Here’s what you need to know — and what it means ...
Here’s When Biden Could Announce Student Loan Forgiveness
President Joe Biden (Photo by Anna Moneymaker/Getty Images) Getty Images President Joe Biden may not decide whether to forgive student loans until July or August. Here’s what you need to know — and wh...
Biden Will Reportedly Delay Decision On Student Debt Forgiveness Until July Or August
Topline President Joe Biden will likely delay a decision on federal student debt forgiveness until later this summer, the Wall Street Journal reported Monday, leaving tens of millions of borrowers wai...
Why Student Loan Forgiveness Has Been Delayed — 5 Takeaways
President Joe Biden (Photo by Kevin Dietsch/Getty Images) Getty Images Here’s why student loan forgiveness has been delayed. Here’s what you need to know — and what it means for your student loans. St...