The Biden administration's student loan forgiveness plan lifted a weight off of many Americans' shoulders, with some borrowers eligible to have up to $20,000 in federal student loans forgiven.
North Carolina, Mississippi, and Indiana have all decided to tax student loan forgiveness, while states like Minnesota, Arkansas, West Virginia and Wisconsin remain undecided on the issue.
Though it may be confusing, student loan forgiveness is still worth it for many borrowers, even if they're taxed.
North Carolina A&T graduate Carlos Williams, who currently has $41,000 in student loan debt, agrees.
Potential refunds for pandemic paymentsUpdates to the student loan forgiveness plan also allow refunds for some people who continued to pay during the student loan repayment pause that started in March 2020.