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Tag Archives: Student Loan Forgiven

I Receive a 1099 for a Forgiven Student Loan. How Do I Pay the Taxes? – John

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“Dear Jim, Parent plus loan forgiven in Permeant disability. Received 1099C for $53,000 Loan amount and $33,000 in Interest. How does one pay the taxes when the only income is SS Disability. John” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to ... Read More »

Student Loan Forgiveness or Discharge Can Create a Huge Tax Bill. Watch Out!

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If you are one of the lucky few who have qualified for a discharge or cancellation of your student loan debt, you may be shocked to learn the debt may not be over with just yet. A reader brought to my attention that the forgiveness of student loan debt, even under a disability discharge, can result in the issuance of ... Read More »

Disabled Former Cop in Student Loan Story Gets Her Debt Forgiven

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by Sasha Chavkin, ProPublica The Department of Education has finally forgiven the student debt of disabled former police officer Tina Brooks–who we featured in our Feb. 13 story [1] about the government’s broken program for forgiving the federal student loans of borrowers who become seriously disabled. Brooks, who fractured her spine when she fell 15 feet down a steep rock ... Read More »

How Can I Get My Student Loan Forgiven? – Pamela

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I am trying to find out how I can get my loan forgiven or part of it. I believe I did not benefit from the Institution for whom I received the Loan for and was not properly guided in the beginning or ending stage to secure a good job. It has been over 15 years and they are holding my ... Read More »

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