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Code · BILL · 115th Congress · H.R. 1127 (Introduced in House) — To increase purchasing power, strengthen economic recovery, and restore fairness in financing higher education in the... · Sec. 9

Sec. 9. Excluding loans forgiven under certain repayment programs from gross income

73 words·~1 min read·/bill/115/hr/1127/ih/section-9·

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Section 455(e)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(e)(2) ) is amended— in the paragraph heading, by inserting after and forgiveness ; and repayment by adding at the end the following: The amount of the principal and interest on a borrower’s loans forgiven pursuant to income contingent repayment shall not be included in the gross income of the borrower for purposes of the Internal Revenue Code of 1986. .
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Sec. 9
Excluding loans forgiven under certain repayment programs from gross income
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