Helping Students… Or a Nasty Surprise?
Student Loan Forgiveness Can Create a Big Tax Debt. Student loan debt levels are out of control. Need proof? The class of 2017 graduated with an average of $39,400 in debt. Some graduates have balances much higher than that – up to $100,000 or more – ballooning even higher as interest continues to rack up after they graduate. Many students didn’t know what they were getting themselves into. And if parents co-sign for these loans, they can also be subject to wage garnishments and other...
