Bipartisan bill would protect against taxes on student-loan debt relief

Borrowers who obtain loan forgiveness based on disability or families who have student debt discharged based on the death of a child have to pay taxes on that benefit under current law. Now three senators are pushing for relief. Marketwatch reports, citing the example of "a Maine couple who were able to have their son’s loans discharged after he died, only to be hit with a more than $24,000 tax bill on the forgiven debt."