I'm in a part time online grad program. It's pretty cheap -- only about $10k for the entire program -- so I've been paying tuition in cash each semester. This week I applied for the max Grad Plus loan the school offers for the program just in case Biden decides to cancel it.
Part of me would feel a little bad if I got a free $10k from th…
I'm in a part time online grad program. It's pretty cheap -- only about $10k for the entire program -- so I've been paying tuition in cash each semester. This week I applied for the max Grad Plus loan the school offers for the program just in case Biden decides to cancel it.
Part of me would feel a little bad if I got a free $10k from the government even though I absolutely don't need it, but you can't blame people too much for responding to incentives.
Although forgiven debt is generally considered taxable income, it seems really likely that any student loan forgiveness package thr administration puts together would make it non-taxable. Otherwise it's not going to be nearly as popular.
I'm in a part time online grad program. It's pretty cheap -- only about $10k for the entire program -- so I've been paying tuition in cash each semester. This week I applied for the max Grad Plus loan the school offers for the program just in case Biden decides to cancel it.
Part of me would feel a little bad if I got a free $10k from the government even though I absolutely don't need it, but you can't blame people too much for responding to incentives.
Although forgiven debt is generally considered taxable income, it seems really likely that any student loan forgiveness package thr administration puts together would make it non-taxable. Otherwise it's not going to be nearly as popular.