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Several commenters expressed worries about probable tax liabilities and identified that the loan sum forgiven will likely be thought of taxable profits with the borrower. Several commenters argued that It could be severe to tax the amount of the loan that may be forgiven, In particular because peopl

To be a response to our ask for for feed-back [78] on whether or not we should always consist of similar deferments for Direct Loan borrowers with excellent balances on FFEL loans created before 1993 towards IDR forgiveness, a couple of commenters responded Using the check out that we should