Published 1 year ago

Illinois weighs student loan 'forgiveness'

Summary by Ground News

State senators are aiming to pass a student loan forgiveness income tax exemption. Public Service Loan Forgiveness program passed by Congress and enacted years ago by former President George W. Bush has canceled debt for some. President Joe Biden’s executive order for $10,000 to $20,000 in loan forgiveness is tied up in the courts.

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Jacksonville Journal-Courier

Illinois weighs student loan 'forgiveness'

The bill at the Illinois statehouse also allows people with disabilities to be exempt for Illinois income taxes for up to $10,000 in contributions to Achieving a Better Life Experience savings accounts.

1 year ago

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