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13 WTHR Indianapolis | Indianapolis Local News & Weather
Student Loans
Fast Facts about how student debt relief will be applied for borrowers with multiple loans
Education
Yes, at least 94% of teachers report paying for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
In Focus
Yes, at least 94% of teachers say they pay for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
Education
You won’t have to pay federal taxes on student debt relief, but states could tax it as income
Many VERIFY readers asked if student loan forgiveness will be taxed. You won’t have to pay federal taxes on forgiven loans, but states could tax it as income.
Student Loans
No, the president cannot permanently change student loan interest rates
Federal law gives Congress the authority to set federal student loan interest rates, not the president. That means Biden cannot make interest rate changes permanent.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
Student Loans
Yes, Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
Education
Yes, those who took out Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
Education
No, people who receive student loan forgiveness won't have to pay federal taxes on that money
Federal tax-free student loan forgiveness through at least 2025 was promised as part of the American Rescue Plan of 2021. States decide if they want to tax instead.
Student Loans
Yes, graduate loans are eligible for loan forgiveness
We answer three questions about how graduate loan debt is impacted by the Biden administration’s loan forgiveness plan.
Student Loans
Yes, eligible public service workers can still get full federal student loan forgiveness
While President Biden's recent announcement impacts a wider group of borrowers, there’s an existing program that offers full forgiveness for public service workers.
Education
No, Florida doesn’t have a statewide banned book list, like viral meme claims
VERIFY viewers asked if a meme showing a list of banned books in Florida is real. It’s not. However, school districts in Florida can choose to ban books.
Education
Yes, at least 94% of teachers report paying for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
In Focus
Yes, at least 94% of teachers say they pay for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
Education
You won’t have to pay federal taxes on student debt relief, but states could tax it as income
Many VERIFY readers asked if student loan forgiveness will be taxed. You won’t have to pay federal taxes on forgiven loans, but states could tax it as income.
Student Loans
No, the president cannot permanently change student loan interest rates
Federal law gives Congress the authority to set federal student loan interest rates, not the president. That means Biden cannot make interest rate changes permanent.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
Student Loans
Yes, Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
Education
Yes, those who took out Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
Education
No, people who receive student loan forgiveness won't have to pay federal taxes on that money
Federal tax-free student loan forgiveness through at least 2025 was promised as part of the American Rescue Plan of 2021. States decide if they want to tax instead.
Student Loans
Yes, graduate loans are eligible for loan forgiveness
We answer three questions about how graduate loan debt is impacted by the Biden administration’s loan forgiveness plan.
Student Loans
Yes, eligible public service workers can still get full federal student loan forgiveness
While President Biden's recent announcement impacts a wider group of borrowers, there’s an existing program that offers full forgiveness for public service workers.
Education
No, Florida doesn’t have a statewide banned book list, like viral meme claims
VERIFY viewers asked if a meme showing a list of banned books in Florida is real. It’s not. However, school districts in Florida can choose to ban books.
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