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Commentary: Student Loan Forgiveness Isn't Free

24 April 2014 6 views No Comment

“Over the past decade or so, there’s been a big expansion of loan-forgiveness programs. In case you hadn’t heard, that generous loan forgiveness comes at a price: When your 20- or 25-year loaniversary rolls around and the government cancels what remains of your debt, the IRS will treat the value of the forgiven debt as taxable income to you,” Megan McArdle writes for Bloomberg View.

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