Sweeping tax provision threatens to upend loan forgiveness plans for nonprofit workers…. This translates to roughly 6 million borrowers whose path to financial freedom could be abruptly terminated by a single administrative decision. These affected workers include:
– Healthcare professionals serving in nonprofit hospitals
– Teachers and staff at private educational institutions
– University employees across thousands of campuses
– Social workers addressing community needs
– Public interest attorneys providing legal aid
– Environmental researchers at conservation organizations
For these professionals, many of whom accepted lower salaries with the promise of eventual loan forgiveness, the proposed change represents an existential threat to their financial futures.