Many borrowers say their student loan payments cut into their spending and leave less to save for emergencies and retirement.Credit: Getty Images KEY TAKEAWAYS Borrowers have faced long waits for decisions on Public Service Loan Forgiveness and income-driven repayment forgiveness applications. The backlog of income-driven repayment plan transfer applications has shrunk significantly. Faster processing matters for the millions of borrowers who must leave the now-defunct Saving on a Valuable Education ...

For those struggling with student loan debt, the idea of loan forgiveness can sound like a dream come true. Thanks to the American Rescue Plan Act of 2021, students could qualify for loan forgiveness without worrying about surprise tax bills — the act made all federal student loan forgiveness programs tax-free. However, that provision is set to expire at the end of this year. Loans forgiven on or after Jan. 1, 2026, may be taxable as income. Which borrowers are affected by the expiration of tax-free lo ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The U.S. Department of Education has announced that federal student loan forgiveness will resume after a recent pause, opening the door for millions of eligible borrowers to finally receive relief. Earlier this year, the department paused student loan forgiveness under certain income-driven repayment plans, such as the income-based repayment, income‑contingent repayment, the public service loan forgiveness ...

美国暂停基于"收入驱动还款计划"（IBR）的学生贷款减免。 ...