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Student Loan Repayment Assistance-Taxable Income?

Total Posts: 1

Joined 2016-06-28

PM

 

I’m involved with a non-profit that wants to repay student loans of some of our below poverty-level former students.  They may or may not be working-the non-profit staff would determine their eligibility for a lump sum payment based solely on need.  Do you think the payment would be considered taxable income to them?  That would be a disaster.