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Joe R M
ABC News
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Comments by "Joe R M" (@joermnyc) on "Student debt holding Americans back from wealth, even high-earning millennials" video.
Yep, for some reason the IRS sees this forgiven debt as “income” even though that money is long gone. Even if you somehow qualify for student loan debt cancellation (example: for severe disability), the IRS will ignore it, but your state government may still call it “income”.
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I avoided student loans, got grants and scholarships and by the end was actually being paid $750 per semester to finish my Bachelors… unfortunately my current income (as a paralegal) is no where near 6 figures… so by being financially responsible I got punished?
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