Student loans to be forgiven for more than 12,000 Wisconsinites

This will be a new lease on life for so many. I am grateful to President Biden.

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Student loans to be forgiven for more than 12,000 Wisconsinites

https://www.news8000.com/news/education/student-loans-to-be-forgiven-for-more-than-12-000-wisconsinites/article_906f2b4c-4305-11ee-b33f-0b4af918e121.html?utm_medium=social&utm_source=twitter&utm_campaign=user-share




Allyson Fergot Updated Aug 25, 2023



LA CROSSE (WKBT) -- More than 12,000 Wisconsinites will have their student loans forgiven because of changes to federal income-based repayment programs.

Borrowers who make less than $15 per hour won't have to make any payments on federal, subsidized or unsubsidized direct loans, according to the U.S. Department of Education.

Those who make more than that are also expected to save around $1,000 per year due to the changes.

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However, any loans that are discharged will be taxed as income under current state revenue codes.

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