Student Loan Forgiveness Is Tax-Free Now. Or Is It?

Student Loan Planner

The American Rescue Plan, signed into law on March 11, makes student loan forgiveness tax-free until the end of 2025. That’s a big deal for borrowers on long-term forgiveness.

I talk about the implications of this game-changing provision and addresses several potential questions and concerns from our listeners.

In today’s episode, you'll find out:

• What to know about the American Rescue Plan as it pertains to student loan debt
• Who is eligible for tax-free student loan forgiveness under this new law?
• What’s behind the misleading headline showing only 32 people qualified for forgiveness
• What this most likely temporary provision means for borrowers in the long-term
• The positives of eliminating taxes on student loan forgiveness
• Whether borrowers should expect tax-free forgiveness
• When is the right time to refinance your student loan

Like the show? There are several ways you can help!

• Subscribe on Apple Podcasts, Spotify or Google Podcasts
• Leave an honest review on Apple Podcasts
• Follow on Facebook, Twitter, or LinkedIn

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan