Student loan debt

The U.S. Department of Education is delaying involuntary collections of student loan debt by garnishing wages and seizing tax refunds.

The Trump administration agreed to procedures for student debt relief so borrowers who have their loans canceled this year don't get hit with a huge tax bill.

The U.S. Department of Education plans to resume collecting defaulted student loans on May 5 after a years-long pause that began with the pandemic.

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The service held a webinar to raise awareness about programs that companies can use to help employees pay off student loans and other educational expenses. 

Educational assistance programs can help employees cope with the resumption of payments through a tax-free fringe benefit.

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The justices, voting 6-3 along ideological lines, sided with six Republican-led states that sued to challenge the program.

For some borrowers, the impact of the White House's student-debt forgiveness program may be influenced by the interpretation and implementation of tax law.

Biden's program will wipe out federal debt for millions of borrowers, freeing up cash to compound in long-term nest eggs over decades.

Residents of New York, Virginia and 11 other states could end up with a surprise tax hit of hundreds of dollars next year on forgiven student loans.

Concerns have mounted over the last few days about the tax ramifications of President Biden's forgiveness of student loan debt.

The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a dozen states — a hiccup many states are expected to quickly handle.

The student-loan forgiveness will qualify as non-taxable income until 2025 under the American Rescue Plan.

The New Jersey Society of CPAs awarded $1,200 each to 10 more of its members to help offset tuition costs in the program's second year.

FASAB is looking for input on a proposed interpretation of the federal financial accounting standards for cancelled debt.

Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student loans with no immediate hit to the Department of Education’s massive portfolio. Yet it didn’t do it. Now, perhaps Joe Biden will.

The New Jersey Society of CPAs has awarded $1,200 each to ten of its members to help offset tuition costs on the road to becoming a CPA.

The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.

Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans.