Comments on: Pennsylvania Student Loan Forgiveness Programs https://thecollegeinvestor.com Navigating Money And Education Sun, 09 Jul 2023 18:16:53 +0000 hourly 1 By: Kathy https://thecollegeinvestor.com/student-loan-forgiveness-programs-by-state/pennsylvania-student-loan-forgiveness-programs/#comment-477055 Mon, 15 May 2023 15:08:08 +0000 https://thecollegeinvestor.com/?page_id=16265#comment-477055 In reply to HowIsThisPossible.

yeah especially since they are the ones who most likely can pay their tuition it is a real joke my husband had to wait till he was in his fifty’s before he could afford collage where is his releif

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By: Robert Farrington https://thecollegeinvestor.com/student-loan-forgiveness-programs-by-state/pennsylvania-student-loan-forgiveness-programs/#comment-476847 Mon, 24 Apr 2023 20:37:00 +0000 https://thecollegeinvestor.com/?page_id=16265#comment-476847 In reply to MSingleton.

Yes, thanks for sharing this update. Pennsylvania finally voted in the legislature that they will not be taxing loan forgiveness programs like PSLF.

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By: MSingleton https://thecollegeinvestor.com/student-loan-forgiveness-programs-by-state/pennsylvania-student-loan-forgiveness-programs/#comment-476846 Mon, 24 Apr 2023 18:58:14 +0000 https://thecollegeinvestor.com/?page_id=16265#comment-476846 In reply to Jessica Christopher.

Pennsylvania will not tax student debt forgiveness

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By: Robert Farrington https://thecollegeinvestor.com/student-loan-forgiveness-programs-by-state/pennsylvania-student-loan-forgiveness-programs/#comment-465681 Fri, 18 Jun 2021 22:34:57 +0000 https://thecollegeinvestor.com/?page_id=16265#comment-465681 In reply to Jessica Christopher.

Yeah, but so what? It’s still a great deal. Pa has a flat tax rate of 3.07%. So, assuming you get something like $50,000 in loans forgiven (tax-free federally), you owe your state $1,500? That doesn’t seem like a bad trade-off. Yes, it could be better, but it’s a huge win.

See this guide on state taxes and loan forgiveness as well.

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By: Jessica Christopher https://thecollegeinvestor.com/student-loan-forgiveness-programs-by-state/pennsylvania-student-loan-forgiveness-programs/#comment-465673 Fri, 18 Jun 2021 14:47:00 +0000 https://thecollegeinvestor.com/?page_id=16265#comment-465673 In reply to Robert Farrington.

Yes but PA is one one o my 2-5 states that tax the amount forgiven by PSLF at a state level.

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