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A different commenter encouraged the Division to Restrict the money security threshold and all other aspects with the rule, to undergraduate loans. They even more asserted that, by enabling the upper disposable revenue exemption to use to graduate personal debt, the rule is probably going to do away with or considerably decrease payments For severa

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Several commenters expressed worries about probable tax liabilities and pointed out which the loan total forgiven are going to be considered taxable cash flow to the borrower. Many commenters argued that It will be harsh to tax the amount of the loan that is forgiven, In particular due to the fact people who find themselves having difficulties to r

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