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The U.S. resumes student loan forgiveness for income-driven plan borrowers, avoiding tax on canceled debt, after a deal with the AFT.
The U.S. Department of Education has resumed student loan forgiveness for borrowers in income-driven repayment plans after reaching an agreement with the American Federation of Teachers, halting a pause caused by legal challenges.
The deal ensures eligible borrowers can continue receiving debt relief without facing federal taxes on canceled loans, as the temporary tax exclusion expires at year-end.
The department will process cancellations for plans like IBR, PAYE, and ICR, and address past payments and PSLF buyback applications, restoring access to key federal relief programs.
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Estados Unidos reanuda la condonación de préstamos estudiantiles para prestatarios de planes basados en ingresos, evitando el impuesto sobre la deuda cancelada, después de un acuerdo con la AFT.