"The IRS just announced that students receiving federal closed school and borrower defense discharges, or those resulting from settlements will no longer have to worry about it being taxed as income."
"This is good news for 500 Illinois ITT Tech borrowers whose loans were discharged as part of a settlement with the @KwameRaoul in 2019. Proud to have worked with @RonWyden and @PattyMurray to help secure this protection for these and future borrowers."
@SenatorDurbin