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.

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.

Student loan servicer Navient has agreed to a $1.85 billion settlement with 39 states, including Indiana.

ITT Tech filed bankruptcy and abruptly closed in 2016, and U.S. DOE has already forgiven loans for 18,000 student borrowers it said were misled by the school as it grappled with financial troubles.

Cori Brunson of Fort Wayne was a student at the local ITT Technical Institute campus. She was just three months from being certified as a registered nurse. Then, just before her semester began in 2016, she got a voicemail saying classes were canceled.

The U.S. Education Department said Wednesday it's erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates’ success in finding jobs.

If granted cancellation, those students would not have to make any more payments. Any payments already made would be refunded.

The proposal has stalled in committee for the past several years - but advocates for Hoosier vets say it's needed now more than ever.

More choice, no Common Core, and a gutting of the U.S. Education Department.

The Carmel-based company that operates ITT Technical Institute announced Tuesday that all of their campuses will close, following a set of crippling federal sanctions.