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

Student Loan Planner

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3y ago 42:41

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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

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