Hip-Hop-Bulls
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Student Loan refund if you made payments during the pause
- Thread starter Hip-Hop-Bulls
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Hip-Hop-Bulls
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Just called my previous loan servicer and got my $3500 back
So do you now owe the $3500 again or did they forgive it?Just called my previous loan servicer and got my $3500 back
Hip-Hop-Bulls
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A good question actually. One would assume it's forgiven since they're canceling debt and have a specific date you must've started making payments from, but I can't say for certain, and should've asked. It would be quite dumb if they make you owe it again though...
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Yapdatfool
Superstar
If my experience is an indication...
Called fedloan and they told me I would owe it again first. Then I would have to apply for the cancellation.
Roger king
Superstar
I support forgiving student loans its the right and moral thing, you should not have to be stranded in thousands of dollars of debt to get a good education
I can get about $6,000 back via refund 
I'm trying to find out if they'll tax me next year if I apply for the forgiveness
I'm trying to find out if they'll tax me next year if I apply for the forgiveness
Yapdatfool
Superstar
I can get about $6,000 back via refund
I'm trying to find out if they'll tax me next year if I apply for the forgiveness
Here are the five states that could tax student-loan forgiveness:
- Arkansas: The state's tax code does not have any details surrounding the treatment of student-loan forgiveness.
- Minnesota: The state's tax code does not have a provision excluding student-loan forgiveness from income.
- Mississippi: The state relies on the precedent of taxing discharged debt and confirmed Biden's relief is taxable.
- Wisconsin: The state's current tax code is in-line to tax loan forgiveness.
- North Carolina: The state confirmed in a press release that student-loan forgiveness is taxable.
fukking WI...
Federally it will NOT be taxable