Are You Concerned About Your Student Debt?
The Office of Professional Development recently received this information from Equal Justice Works. If you are student who will graduate with any student debt, this will be of interest to you.
On July 29, Rep. Mark Pocan (D-WI) and Rep. Frederica Wilson (D-FL) introduced the Relief for Underwater Student Borrowers Act (H.R. 5239). This bill would prevent borrowers who earn forgiveness after 20 or 25 years of consistent repayment in the Income-Based Repayment (IBR) and Pay as You Earn (PAYE) repayment plans from having to pay taxes on the amount forgiven. Millions of borrowers currently face the possibility of having to deal with this potentially devastating tax liability. We urge you to call your Congressperson and Senators to support this bill!
To learn more about IBR, PAYE and Public Service Loan Forgiveness (tax-free forgiveness you earn by working at a wide range of qualifying public service jobs for ten years!) Equal Justice Works is presenting a free webinar, Drowning in Debt! What Law Students & Lawyers Need to Know About Managing Student Debt & Earning Loan Forgiveness, on Wednesday, August 27 from 3:00 PM - 4:00 PM EDT. If you register but cannot attend, you will receive a recording of the webinar you can view anytime.
If you have any questions, please contact Jina Scinta at firstname.lastname@example.org.