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Tag: student

  • Officials warn of spike in scams related to Biden student loan forgiveness plan

    Americans with college loans are being targeted by a growing number of scams looking to take advantage of confusion over the Biden administration’s debt-forgiveness plan, government officials warn. The Federal Communications Commission pledged to crack down on robocalls asking former students for financial information under the pretext of collecting or forgiving payments.  Consumers are “likely…

  • Some states could tax Biden’s student loan debt relief

    MINNEAPOLIS — President Joe Biden’s student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states. That’s because some states tax forgiven debt as income, which means borrowers who are still paying down student loans could owe taxes on…