Forgiven student loans are not taxable until at least 2025 thanks to the American Rescue Plan.Forgiveness programs are now auto-enrolling eligible borrowers via IRS & FAFSA data.
More than 4 million borrowers have already had debt canceled quietly since 2021.
Some borrowers with just 10 years of payments now qualify for full forgiveness via PSLF.
Biden’s SAVE plan may reduce payments to $0/month for low-income borrowers—yet still qualify them for forgiveness.
More than 4 million borrowers have already had debt canceled quietly since 2021. Even those in default can now regain eligibility through the “Fresh Start” program
Forgiveness doesn’t affect your credit score negatively—in fact, it may improve it. Borrowers with old loans before 2007 are most likely to receive forgiveness now.
Credit : Google Images
Over 40% of Gen Z believe their loans will be forgiven—and 2025 may prove them right. Federal data shows women hold 67% of student loan debt—now prioritized in relief planning