Student Loan Forgiveness 2024 Taxes 2024. Public hearings to determine who, exactly, should qualify for. The federal government announced $7.4 billion in additional student loan relief for borrowers who signed up for the save plan or fixed idr payment counts.

After 2025, any student loan forgiveness you receive under the newest idr plan, saving on a valuable education (save), will be considered taxable income by. Here’s how taxpayers “pay” for the debt cancellation.