Sens. Menendez, Warren Bill to Make Student Loan Relief Tax-Free Passes as Part of COVID Relief Package, Clearing Hurdle for Broad Loan Forgiveness
March 08, 2021
March 08, 2021
WASHINGTON, March 8 -- Sen. Robert Menendez, D-New Jersey, issued the following news release:
U.S. Senators Bob Menendez (D-N.J.) and Elizabeth Warren (D-Mass.) applauded passage of their Student Loan Tax Relief Act as part of the American Rescue Plan. The provision makes any college loan forgiveness tax-free, ensuring borrowers whose debt is fully or partially forgiven are not saddled with thousands of dollars in surprise taxes. The average student borrower who earns $50,000 in inc . . .
U.S. Senators Bob Menendez (D-N.J.) and Elizabeth Warren (D-Mass.) applauded passage of their Student Loan Tax Relief Act as part of the American Rescue Plan. The provision makes any college loan forgiveness tax-free, ensuring borrowers whose debt is fully or partially forgiven are not saddled with thousands of dollars in surprise taxes. The average student borrower who earns $50,000 in inc . . .