Student Loan Forgiveness 2024 Newspaper Article. Tax implications if your loans are discharged. The typical undergraduate student with loans now finishes school with nearly $25,000 in debt, an education department analysis shows.

President biden announced another round of student loan forgiveness on wednesday, canceling $7.7 billion in debt for 160,000 people in what has become a. The attorneys general of our states are seeking to block needed relief—the cancellation of up to $20,000 in student debt per resident—from flowing to our.