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Keep in mind that under current law that forgiveness is taxable income to the borrower. So he'll still be left with one quarter to one half the forgiven princip
by bradleyjg 8y ago
Keep in mind that under current law that forgiveness is taxable income to the borrower. So he'll still be left with one quarter to one half the forgiven principal, which by that time may well be greater than the original principal even in real terms.
- ourmandave 8y agoYes, but by then a person with a Masters in Fine Arts will be making $150,000 annual. Of course, a Subway 6" combo will be $60 too.
- bradleyjg 8y agoThat’s why I said real terms. Grad PLUS loans are at 7%. CPI is at 2.8%.