Should we eliminate taxes on student loans forgiven due to the death or disability of the student?

Economy and Taxation
Stop Taxing Death and Disability Act
Awaiting Vote
Bill Summary

In many situations, when student loans are forgiven, they are then considered taxable income. This bill would eliminates taxes on student loans that have already been forgiven due to the death or disability of the student.
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Opponents say

• N/A - This bill has broad bipartisan support

Proponents say

• Corrects a misguided law that serves no public policy purpose
• Current law already eliminates taxes on student loans belonging to an individual whose college closes or who works in certain public service fields
• Saves grieving families from huge tax bills
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