Avoid the Income-Driven Student Loan Tax Bill with Insolvency

Avoid the Income-Driven Student Loan Tax Bill with Insolvency

Income-driven student loan repayment options are the best way to go for some borrowers. The catch is that there may be a substantial tax bill due when that loan is “forgiven.” Fortunately, there is a way out of that hefty bill for some borrowers.  It’s called insolvency.

By JessicaRain [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], from Wikimedia Commons

Student Loan Forgiveness may not be so Forgiving

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