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re: Who had their student loans wiped out today?

Posted on 11/28/23 at 11:24 pm to
Posted by CarpeDiem
Member since Dec 2011
609 posts
Posted on 11/28/23 at 11:24 pm to
I wonder if they will have to pick it up as income with IRS
Posted by AUauditor
Georgia
Member since Sep 2004
1120 posts
Posted on 11/29/23 at 9:42 am to
Just for clarifcation from the article...Biden didn't do anything. These were programs already in place and likely approved by Congress.

"The Biden administration used existing programs, including Public Service Loan Forgiveness and income-driven repayment plans, to deliver the debt cancellation. Previously, the relief under these programs was hard to access."

$17,500 of my daughter's student loans will be forgiven (by Congress) next year after she finishes were fifth year of teaching in math in a Title I school. It was an obligation that she met for this forgiveness; therefore, she earned it by working with kids with, generally speaking, crappy parents who do not support teachers and their kids' education.
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