Tax Policy Center

student loans

State and Local Issues: TaxVox
The Biden administration’s plan for broad-based student loan forgiveness of up to $20,000 per individual won’t affect borrowers’ federal tax bills, but it could have...
September 15, 2022Nikhita AiriLillian Hunter
Individual Taxes: TaxVox
President Biden announced plans to forgive $10,000 in student debt for all borrowers with below $125,000 in annual income ($250,000 for couples), while Pell Grant...
August 26, 2022John Buhl
Individual Taxes: TaxVox
President Obama will feature higher education prominently in next week’s budget—a choice that makes sense, given that educational attainment is the most straightforward pathway for economic advancement. Many of his ideas, which he highlighted in his State of the Union address, are controversial.
January 25, 2015Kim S. RuebenSandy Baum
Federal Budget and Economy: TaxVox
Lending programs create special challenges for federal budgeting. So special, in fact, that the Congressional Budget Office estimates their budget effects two different ways. According to official budget rules, taxpayers will earn more than $200 billion over the next decade from new student loans,
September 29, 2014Donald Marron
Individual Taxes: TaxVox
When policy folks talk about America’s federal borrowing, their go-to measures are the public debt, currently $12 trillion, and its ratio to gross domestic product,...
June 24, 2013Donald Marron
Federal Budget and Economy: TaxVox
The federal government has been borrowing rapidly to finance recent budget deficits. But that’s not the only reason it’s gone deeper into debt. Uncle Sam...
June 17, 2013Donald Marron