The $9 billion in forgiven loans consist of $5.2 billion in debt relief for 53,000 borrowers under the Public Service Loan Forgiveness program, nearly $2.8 billion in new debt relief for about ...

“The forgiven amount is still taxable and must be reported to the IRS as income. If they think the interest rates are bad with their school loans, wait until they see the IRS interest rates.” ...

Coker and Palmer also had its full loan forgiven, including interest, to a total of $346,255.62. Between the two companies, with interest, more than $547,000 was forgiven.