flightwatcher45 t1_iswjk1x wrote on October 19, 2022 at 5:38 AM

Reply to comment by Phillyredsox in LPT: If you're planning to apply for/accept Biden's Student Loan Forgiveness, be aware that some states may TAX it as income! by Anachronisticpoet

Pay the loans off as you agreed and you don't have to worry about being taxed for the credit

Phillyredsox t1_isxmpjd wrote on October 19, 2022 at 1:28 PM

I won’t get taxed I’m not in those states. And also they were predatory loans most of which were probably signed under duress or falsehoods so just like any other contract they should be null and void.

flightwatcher45 t1_isxnf2l wrote on October 19, 2022 at 1:34 PM

Huh, I just made payments. Be careful when taking loans! I think they should require a short class when taking a loan that explains it, even just an hour or two as some college kids have no clue.. shit half adults dont.

Phillyredsox t1_isxv1o2 wrote on October 19, 2022 at 2:30 PM

And that’s the largest part of the problem. People don’t know. And once you turned 18 you can sign anything and it is binding most of the time.