Student Loan Forgiveness Is Tax-Free Now. Or Is It?

The American Rescue Plan, signed into law on March 11, makes student loan forgiveness tax-free until the end of 2025. That's a big deal for borrowers on long-term forgiveness. I talk about the implications of this game-changing provision and addresses several potential questions and concerns from our listeners. In today's episode, you'll find out: What to know about the American Rescue Plan as it pertains to student loan debt Who is eligible for tax-free student loan forgiveness under this new law? What's behind the misleading headline showing only 32 people qualified for forgiveness What this most likely temporary provision means for borrowers in the long-term The positives of eliminating taxes on student loan forgiveness Whether borrowers should expect tax-free forgiveness When is the right time to refinance your student loan Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan