Having debt forgiven can feel like a fresh start, but there are follow-up steps you should take to protect yourself.

A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...

Student loan borrowers are encountering delays and backlogs while trying to access debt forgiveness programs. Meanwhile, a law that shielded student loan forgiveness from taxation is expiring at the ...

The student loan debt tax bomb can happen when you have to pay taxes on the student loan forgiveness you received. However, ...

With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does ...

Right now, credit card balances are at record highs, and the interest rates these short-term borrowing tools come with aren't far off. Americans owe roughly $1.23 trillion in credit card debt, a ...

U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026. Beginning January 1, student loan debt forgiveness could carry a high tax liability.

Could the relief of finally wiping out student debt turn into a costly surprise? For millions of borrowers on income-driven repayment plans, that’s the looming question as a key tax exemption is set ...

Key Points ・The federal tax exemption for income-driven repayment (IDR) student loan forgiveness expires after December 31, ...

Eligible student loan borrowers can have their debt canceled under some plans including income-driven repayment programs. The Education Department sent emails to eligible borrowers about their options ...