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Defrauded Corinthian Students Sent Confusing 1099-Cs
March 15, 2017
by Persis Yu
According to the IRS, if you went to a Corinthian school and had your loans canceled under the borrower defense rule, you should not owe taxes on the canceled amount. […]
Continue Reading →Will Congress Finally Stop Taxing Disabled Student Loan Borrowers and Bereaved Parents?
February 16, 2017
by Persis Yu
It is a little known fact that a forgiven student loan is usually treated as income for tax purposes. While some types of student loan cancellations (e.g. Public Service Loan […]
Continue Reading →ICYMI: Lots of Attention to Older Student Loan Borrowers
January 24, 2017
by Persis Yu
In case you missed it, there has been a flurry of interest in issues that impact older student loan borrowers. Right before the holidays, the Government Accountability Office (“GAO”) released […]
Continue Reading →Student Loan Relief for ITT Students Part 3: Student Claims in the ITT Bankruptcy Proceeding
January 04, 2017
There are no easy answers for former ITT Tech students struggling with student loan debt, but there are a number of actions these students can consider to try to get […]
Continue Reading →What Happens Now: A Post Election Message
November 17, 2016
by Persis Yu
Since the election of Donald Trump for President, we have heard from many people asking us, “what does this mean for student loan borrowers.” The honest answer is that we […]
Continue Reading →Education Department’s New Rules Provide a Clearer Path to Relief for Borrowers Harmed by their School, But Real Impact Will Depend on How the Department Implements the Rules
October 31, 2016
On Friday, the U.S. Department of Education announced final regulations to protect federal student loan borrowers and taxpayers against closures and misconduct by predatory schools like we saw with the […]
Continue Reading →CFPB Report Shows Borrowers Still Struggle After Student Loan Rehabilitation
October 17, 2016
by Persis Yu
The Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report today estimating that over a third of borrowers who rehabilitate their loans will re-default within the first two […]
Continue Reading →Update: Stop Taking the EITC to Pay for Defaulted Student Loan
October 13, 2016
by Persis Yu
This week, the National Consumer Law Center updated its policy brief highlighting the need to end the seizure of Earned Income Tax Credits (“EITC”) from defaulted federal student loan borrowers. […]
Continue Reading →Student Loan Relief for ITT Students Part 2: Answers to Common Questions about Closed School Discharges
October 06, 2016
The rules around closed school discharges can be confusing—for students and for those trying to assist them—and good information can unfortunately be hard to find. We have heard that a […]
Continue Reading →More Updates & News
Important Note: On June 24, 2024, two court decisions temporarily blocked parts of the SAVE Plan from taking effect. These decisions may change borrowers’ rights and access to certain benefits, including repayment plans. We will update this website with more details on how this will impact borrowers soon. Visit here for more information.
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