Westwood College Loan Forgiveness

Westwood College Loan Forgiveness

Westwood college student loan forgiveness: This Past spring, when for-profit Corinthian Colleges unexpectedly shut-down beneath the weight of claims of deceptive actions, Corinthian students had an option under U.S. Department of Education guidelines: transfer to another college, or obtain a “closed school discharge,” which might free them from the responsibility of repaying the high-interest student loans that […]

The Hidden Costs of Student Loan Forgiveness

The Hidden Costs of Student Loan Forgiveness

Student loan forgiveness is often looked at as a quick solution for borrowers to escape the financial burden of large student loan balances. What are the hidden costs of student loan forgiveness? What many people aren’t aware of, though, is that the forgiven balances can often be considered taxable income by the Internal Revenue Service – leaving […]