did the student loan forgiveness pass

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  • Is student loan forgiveness tax-free?

  • Student loan forgiveness is now tax-free. Is cancellation coming? Student loan forgiveness is now tax-free. What that means for borrowers if Biden cancels the debt Student loan forgiveness won鈥檛 trigger tax bills for borrowers anymore. Advocates and borrowers hope the change will clear the way for President Joe Biden to cancel the debt.

  • What happens to student loan forgiveness if Biden cancels the debt?

  • Student loan forgiveness is now tax-free. What that means for borrowers if Biden cancels the debt Student loan forgiveness won鈥檛 trigger tax bills for borrowers anymore. Advocates and borrowers hope the change will clear the way for President Joe Biden to cancel the debt.

  • How much would the average borrower get in student loan forgiveness?

  • The average borrower would receive $8,478 in student loan forgiveness. That鈥檚 in addition to the more than $25 billion in loan forgiveness that the Biden administration has approved for about 1.3 million borrowers, including public service employees and defrauded students.

  • Does student loan forgiveness guarantee future student loan cancellation?

  • However, if there is any broad student loan forgiveness, there鈥檚 no guarantee there will be any future student loan cancellation. Unfairness is a term that鈥檚 thrown around often in education, public policy and politics.

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