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A $10K student-loan tax hit starts 1/1/2026

A new kind of student loan shock is coming for borrowers who thought forgiveness would finally close the book on their debt.
A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
When Maureen J. first learned her student loans would be canceled in February 2026, she was elated.
The American Rescue Plan Act of 2021 will make most student loan forgiveness tax-free until 2025, then borrowers may owe thousands in taxes.
With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...
The Department of Education’s failure to process income-driven repayment plan applications could result in harm for millions of student loan borrowers, with some facing extra taxes, suit alleges.
More than 43 million Americans carry student loan debt, and recent grads aren't the only ones feeling the pinch. Data show that many borrowers are in their 40s, 50s, and even 60s, still paying off ...
Elizabeth Guevara is a journalist working to explain the world of business and economics and how it impacts your finances. She joined Investopedia in 2024 as a breaking news writer covering personal ...
More than 7 million student loan borrowers now need to make new arrangements after the Trump administration announced this ...
U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026. Beginning January 1, student loan debt forgiveness could carry a high tax liability.
A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers off balance. The impending blast is heading for borrowers paying down their ...