TAX PROVISION

Student Loans

Using Tax Policy to Stimulate the Economy | March 2021

Although the forgiveness of student loans has been a topic of discussion stemming from the election campaigns, the ARPA takes only a small step in that direction. Any discharge of student loan indebtedness after December 31, 2020 and before January 1, 2026 will not result in gross income from forgiveness of debt.

The definition of student loans eligible for this exclusion is broad and includes (but is not limited to) those guaranteed by a federal, state or local governmental entity or education institution, and also private education loans (among others).

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