Loan in USA

No, student loan forgiveness is generally not taxable in California for federal loans discharged in 2024 and earlier. Here’s why: Federal Tax Exemption: The American Rescue Plan Act of 2021 exempts most federal student loan forgiveness programs from federal income tax through 2025. California Conforms: California has legislation aligning with the federal rules. This means […]

Here’s a breakdown of the statute of limitations for private student loans in New York, including important considerations: The Basics Current Law: Thanks to a 2021 law, private student loans in New York now have a statute of limitations of 3 years. This means lenders generally have 3 years from the date you default to […]

Here’s a breakdown of the statute of limitations on private student loans in California: Key Points Statute of Limitations: In California, the statute of limitations for private student loan debt is four (4) years. This means creditors have four years from the date of your first missed payment to sue you to collect the debt. […]