The Student Loan Tax Bomb Just Went Off – Here’s What It Means For You
Student loan forgiveness is now taxable in 2026. A $50K forgiveness could mean $11K in taxes. Here’s what this means for your debt strategy.
Student loan forgiveness is now taxable in 2026. A $50K forgiveness could mean $11K in taxes. Here’s what this means for your debt strategy.
Quick Answer: Parent PLUS loans will no longer be available after June 30, 2026, and existing borrowers will lose access to Public Service Loan Forgiveness and most income-driven repayment plans. Parents should act before this deadline to secure current benefits, as new regulations will impose a likely $50,000 lifetime borrowing cap per child and eliminate …
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