The Student News Site of Biola University

The Chimes
The Student News Site of Biola University

The Chimes
The Student News Site of Biola University

The Chimes

Borrowers face state income tax on student debt relief

Gov. Gavin Newsom encourages the California State Legislature to waive taxes on student debt relief.
Newsom plans to waive relief tax for California borrowers.
Dalet Valles, Editor-in-Chief • November 7, 2022

Gov. Gavin Newsom is urging the California State Legislature to waive taxes on student debt relief. California is included in the list of states — North Carolina, Wisconsin, Missouri, Arkansas, Indiana and Minnesota — that are planning to tax borrowers on the relief.  STATES DECIDE Borrowers will...