Student loans aren’t income, interest is deductible up to $2,500, forgiveness can be taxable, and default can cost you your refund. Here’s how each rule works for the 2026 tax year.
The FY 2023 cohort default rate is 0.4%, but 9.3 million borrowers are in default. Here’s how the CDR works and why the Education Department says to ignore it.
Treasury and the IRS released proposed rules for the $1,700 Education Freedom Tax Credit launching January 1, 2027. Joint filers get $3,400.
Understand when forgiven student loans are taxable, which programs remain exempt, and how to prepare for potential tax liability in 2026.
Treasury will auto-open Trump accounts for every eligible child starting October 1, adding 60 million-plus accounts. The $1,000 seed still needs Form 4547.
ED and Treasury launched the Defaulted Loans Support Center on StudentAid.gov, letting borrowers apply online to rehabilitate or consolidate defaulted loans.
PAYE caps payments at 10% of discretionary income and forgives the balance after 20 years, but the plan ends by July 1, 2028. Here’s who still qualifies, how to apply, and whether to move to IBR or RAP.
The Department of Education extended the 1% student loan auto pay discount deadline to December 31, 2026, with nearly 2 million borrowers enrolled.
You could lower your taxable income by $2,500 with the student loan interest deduction. Here’s how it works.
The Senate passed the Protect College Sports Act 77-22. Here’s what it changes for NIL pay, agents, transfers, and families footing the bill.
Seven states require the FAFSA or an opt-out form to earn a diploma, and three more track it. See every state’s rules, the repeals, and whether it worked.
