Policy Shift Unlocks Long-Awaited Student Loan Resolution In a significant administrative development, the Department of Education has forged an agreement…
The Department of Education has agreed to resume student loan forgiveness processing for millions of borrowers under multiple repayment plans. The settlement also provides crucial tax liability protection for those qualifying for debt discharge.
Millions of student loan borrowers have achieved a significant victory as the Department of Education has agreed to resume processing loan forgiveness that had been stalled, according to reports. The department also committed to protecting borrowers from potential tax liabilities associated with discharged debt, sources indicate.
The Department of Education has reached a settlement with the American Federation of Teachers to resume processing student loan forgiveness for millions of borrowers. The agreement also includes protections against tax consequences for those receiving loan discharges.
Millions of student loan borrowers have secured a significant victory through a court-approved agreement between the U.S. Department of Education and the American Federation of Teachers, according to reports. The settlement resolves a legal challenge over processing delays that had halted loan forgiveness under multiple income-driven repayment plans.
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