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Kiplinger
Kiplinger
Business
Kelley R. Taylor

Trump Targets Student Loan Forgiveness: Here’s How Taxes and Repayment Could Soon Change

Pink piggy bank with grad cap on and coins floating above.

More than 43 million Americans carry student loan debt, and recent grads aren't the only ones feeling the pinch. Data show that many borrowers are in their 40s, 50s, and even 60s, still paying off their own loans or shouldering education debt for their children.

Now, under Trump’s sweeping tax plan — dubbed the “One Big Beautiful Bill” (OBBB) — student loan forgiveness, repayment rules, and related taxes are in the news again.

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