Articles tagged as: Student Loans
October 4, 2023
Some federal student loan forgiveness subject to state, county income tax
Federal student loan repayments are restarting this month, and some borrowers may be eligible for loan relief or forgiveness. Borrowers whose loans are forgiven should be aware that Indiana taxes some of those balances as income.
Read MoreSeptember 28, 2023
Everything Hoosiers need to know about federal student loan repayments
Its been more than three years since federal loan repayments were paused because of the COVID-19 pandemic. In October, the freeze will be over for more than 900,000 Hoosiers.
Read MoreSeptember 26, 2023
As student loan repayments resume, new SAVE plan may be more manageable for some borrowers
Federal student loan repayments resume in October, and for borrowers, the type of repayment plan they choose determines how much they pay each month, the duration of the payments and whether they qualify for loan forgiveness programs. New changes were implemented by President Joe Biden this year to make the decision easier.
Read MoreSeptember 25, 2023
Federal student loan payments to resume in October after more than three year pause
Federal student loan repayments resume Oct. 1.
Read MoreJuly 20, 2023
Biden administration to discharge $932M in student loans from Hoosier borrowers
More than 19,000 eligible Indiana borrowers will have part or all of their student loans discharges following federal action taken last week by the Biden administration.
Read MoreJune 30, 2023
Supreme Court decision will impact over 900,000 Indiana borrowers with student loan debt
Indiana borrowers react to Supreme Court decision striking down Biden student loan forgiveness.
Read MoreOctober 17, 2022
What do Hoosiers need to know about Indiana’s taxation of student loan forgiveness?
Indiana is one of four states that taxes student loan forgiveness. This will include President Joe Biden's recent one-time cancellation of student loan debt for eligible borrowers.
Read MoreSeptember 6, 2022
Indiana will tax loan forgiveness, similar to other states
The Indiana Department of Revenue confirmed in an email to the Associated Press Tuesday that residents are required to list their forgiven loans as taxable income per Indiana law.
Read MoreAugust 25, 2022
Nearly 300,000 Hoosiers could have their student loans canceled
Around 294,000 Hoosiers could have their student loans wiped away under President Joe Biden's effort to forgive federal student loan debt.
Read MoreAugust 24, 2022
What will President Biden's student debt relief plan mean for Hoosiers?
President Joe Biden announced Wednesday that his administration will cancel $10,000 of federal student debt for each borrower earning less than $125,000.
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