PSLF

Student loan relief will not be treated as taxable income in Michigan through 2025.

The Department of Education has announced that it has provided more than $10 billion in student debt relief for public workers 10 months into a new program. The relief covers more than 175,000 people, according to a news release the department put out on Tuesday, and will be provided through the Public Service Loan Forgiveness…

"The 'public service' sector is much larger than people think."

The program is designed to give student debt relief to borrowers who work in public service.

The to-do list for Biden's administration includes climate and equity measures as well as student-loan forgiveness, but details aren't there yet.