You will receive a 1099-C Cancellation of Debt form if a lender forgives more than $600 of taxable debt. You must include the amount of canceled debt on your federal tax return as a part of your ...

The federal government released a preliminary application form for its mass student debt cancellation plan late Friday night. Borrowers can submit their applications, but they won’t be processed until ...

The Department of Education on Tuesday released a preview of the application form for federal student loan debt relief, a part of the Biden administration's effort to forgive student loan debt for ...

An example of good debt is a student loan used to pay for education that increases your earning potential or a mortgage for a home that builds equity over time. A car loan can be considered bad debt ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The partnership comes as the cost-of-living crisis continues to create ...

Many are calling on President-elect Joe Biden to cancel student loan debt as part of his economic recovery plan, but a new analysis found that such a move wouldn't be as effective as other forms of ...