The College Investor
Robert Farrington
September 19, 2026
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The Question:
I’m expecting to get my student loans forgiven soon. I’m at about $148,000. I borrowed $65,000 for a social work degree back in 2001 and I’ve paid something every single month since.
A coworker mentioned you pay taxes on this and now I don’t know what to think. I make $58,000 a year. I’ve got about $14,000 in a retirement plan, $3,000 in savings, and other debt. I can’t afford to pay more taxes.
Does this even apply to me? And is there something I should be doing before the end of the year?
— Sam
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