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A further commenter inspired the Office to Restrict the income protection threshold and all other aspects of your rule, to undergraduate loans. They additional asserted that, by allowing the upper disposable income exemption to use to graduate personal debt, the rule is likely to get rid of or considerably lower payments For most Medical profession
Quite a few commenters expressed problems about probable tax liabilities and identified which the loan sum forgiven is going to be deemed taxable cash flow for that borrower. Several commenters argued that It could be harsh to tax the quantity of the loan that's forgiven, Specially because people who are having difficulties to repay their scholar l