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What You Should Know About Taxes And Student Loan Repayment

Source: forbes.com - Jun 26, 2018

Last month, borrowers across the country were pretty excited to learn that hundreds of millions of dollars in student loans were potentially eligible for student loan forgiveness. As part of the Consolidated Appropriations Act of 2018, folks who had been enrolled in a previously ineligible repayment plan could now be eligible for loan forgiveness. Pretty great, right? Before you celebrate too much, do your homework: There may be tax consequences for repaying - or not repaying - what you owe. When it comes to paying back student loans, here's what you need to know.

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Category: General Business

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