Sweeping student loan forgiveness changes for federal student loans are going into effect this year, and millions of borrower ...
The Education Department announced a landmark agreement earlier this month to effectively terminate the SAVE plan, a popular repayment program for federal student loans launched under the Biden-Harris ...
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How to Apply for Student Loan Forgiveness
The U.S. government offers forgiveness programs for borrowers with federal student loan debt. They include Public Service Loan Forgiveness, Teacher Loan Forgiveness and income-driven repayment plan ...
The federal Repayment Assistance Plan, or RAP, will be the newest student loan repayment plan. President Donald Trump’s “big, beautiful bill,” passed in 2025, made many changes to federal student loan ...
The Trump administration has made significant changes to federal student loan forgiveness programs since taking office in January 2025. A new rule effective July 2026 will exclude some public service ...
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Which states tax student loan forgiveness?
While many types of student loan forgiveness are tax-free federally, several states may levy taxes on student loan ...
Many federal student loan borrowers surveyed said they don't know about income-driven repayment plans or Public Service Loan Forgiveness. But these U.S. Department of Education programs can lower ...
The Trump administration has agreed to resume student loan forgiveness for an estimated 2.5 million borrowers who are enrolled in certain federal repayment plans following a lawsuit from the American ...
Some American student loan borrowers face an important deadline if they want their loan forgiveness to be processed and avoid major financial penalties. People enrolled in the SAVE play who already ...
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...
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