What are the results in order to co-signers on private funds
Like with federal loans, you won’t have to pay taxes on any amount discharged by the lender, regardless of the year the loan was issued — at least for now. According to Mark Kantrowitz, publisher and vice president of research at Savingforcollege, the tax-free status was added in the tax law passed in 2017, and it will be in effect until 2025.
If you want to know exactly what will happen to your individual finance, your best bet is actually checking out your own contract to help you see if you will find anything given — if the there are not any details, dont worry.
