Student loan warning issued over potential tax of up to $10,000

U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026.

'Tax bomb' worth over $10,000 could hit some student loan borrowers in 2026, senators and advocates warn

A provision of the American Rescue Plan that excludes forgiven student loan debt from federal income tax is set to expire at ...

Student-loan forgiveness is back on — but a tax change could be a 'financial disaster' for some borrowers

Sen. Elizabeth Warren is calling on the IRS to prevent student-loan borrowers from facing a "tax bomb" on debt relief ...
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Student-Loan Forgiveness Win Could Come With a Pricey Tax Bill

Could the relief of finally wiping out student debt turn into a costly surprise? For millions of borrowers on income-driven ...
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Will You Pay Taxes On Student Loan Forgiveness?

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

Big changes are being made to student loan forgiveness programs. How will it impact Wisconsin borrowers?

Since President Donald Trump took office in January 2025, sweeping changes have been made to federal student debt relief ...

The White House just agreed to cancel debt for millions of American borrowers — and to do it fast. Here’s how to check if you’re one of the lucky ones

“This is a tremendous win for borrowers,” Winston Berkman-Breen, legal director for Protect Borrowers, told CNBC. (2) “The ...

Student loan forgiveness notices are going out despite the shutdown — what borrowers need to do next

Borrowers are getting notices of student loan forgiveness. Here's what experts say their next steps should be.
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Student loan forgiveness delays and backlogs could lead to 'massive' tax bills for borrowers, advocate says

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 ...
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What is debt forgiveness?

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 ...