Tax Consequences of Student Loan Discharges for Borrowers in Income-Driven Repayment Plans

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dc.contributor.authorThe Institute for College Access and Successen
dc.date.accessed2020-07-29en
dc.date.accessioned2020-08-19T22:14:13Zen
dc.date.available2020-08-19T22:14:13Zen
dc.date.issued2020-07-01en
dc.description.abstractThis report illustrates that while many borrowers in IDR will repay their loans in full, those who do receive a discharge of remaining debt after 20 or 25 years of responsible payments may face an unaffordable tax liability because these discharged amounts are treated as taxable income under current law.en
dc.description.sponsorshipThe Institute for College Access and Successen
dc.format.mimetypeapplication/pdfen
dc.identifier.sourceurlhttps://ticas.org/wp-content/uploads/2020/07/Tax-Consequences-of-Loan-Discharges-for-Borrowers-in-IDR-Plans.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/99783en
dc.language.isoenen
dc.publisherThe Institute for College Access and Successen
dc.rightsCreative Commons Attribution NonCommercial NoDerivs 3.0 Unporteden
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/en
dc.subjectstudent loansen
dc.subjectCOVID-19en
dc.subjectdata systemen
dc.titleTax Consequences of Student Loan Discharges for Borrowers in Income-Driven Repayment Plansen
dc.typeReporten
dc.type.dcmitypeTexten
dc.type.dcmitypeStillImageen

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Higher Education Policy for Minorities in the United States