Makes any student loan forgiveness passed between Dec. 31, 2020, and Jan. 1, 2026, tax-free — rather than having the forgiven debt be treated as taxable income.
Stop Student Debt Relief Scams Act of 2019. Establishes criminal penalties for unauthorized access of certain student loan information and expands the requirements for student loan exit counseling
SEC. 3513. TEMPORARY RELIEF FOR FEDERAL STUDENT LOAN BORROWERS.
(a) IN GENERAL.—The Secretary shall suspend all payments due for loans made under part D and part B (that are held by the Department of Education) of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a3 et seq.; 1071 et seq.) through September 30, 2020.
Also made employer payments on employees' student loans tax free.