student loans

Federal student loan repayments resume in October, and for borrowers, the type of repayment plan they choose determines how much they pay each month, the duration of the payments, and whether they qualify for loan forgiveness programs. New changes were implemented by President Joe Biden this year to make the decision easier.

President Joe Biden’s proposed student loan relief program is temporarily paused — and that means millions of people’s academic debt is in limbo. Applications for relief are still open at studentaid.gov.

Indiana is one of four states that taxes student loan forgiveness. This will include President Joe Biden’s recent one-time cancellation of student loan debt for eligible borrowers.

The Michigan Treasury Department says student loans that are forgiven under a federal program won’t be taxed as income.

The Indiana Department of Revenue said Tuesday that residents will be required to include their forgiven loans as taxable income.

Around 294,000 Hoosiers could have their student loans wiped away under President Joe Biden's effort to forgive federal student loan debt.

People who borrowed money from the federal government and make less than $125,000 are eligible for up to $10,000 of loan forgiveness. Those who received a Pell grant are eligible for $20,000.

Biden pledged on the campaign trail to forgive all undergraduate student debt at public, historically black, and minority serving universities and colleges. His current plan falls short of that promise, but it still represents an unprecedented move. How will this decision affect borrowers in Indiana?

A first of its kind report from the state aims to reduce cost barriers for Hoosiers interested in college. It highlights state financial aid options and their impact, and makes recommendations for schools to better support students.

Student loan servicer Navient has agreed to a $1.85 billion settlement with 39 states, including Indiana.