Mississippi News

Student loan debt in the U.S.

Published

2 years ago

October 22, 2022

Staff Editor

Data Dive: Student loan debt in the U.S.

by Nigel Dent, Mississippi Today
October 22, 2022

According to the Education Data Initiative, federal student loan debt in the United States averages $29 billion per state, with the District of Columbia having the highest individual average ($54,945) and the highest percentage of indebted residents at 17.2%.

Mississippi, although it falls toward the middle with an average of $36,902 per borrower, has the fourth-highest per capita rate of student borrowers, 14.8%, following Ohio, Georgia and D.C.

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"Under guidance from the Internal Revenue Service," Minta writes, "student loan servicers are not providing 1099-Cs – the tax form needed for filing debt cancellation – to borrowers or to state tax departments.

This means that many Mississippians will likely never receive the proper form to file student debt relief on their taxes. And while the Department of Revenue said it may send bills to those who try to skirt the additional tax, without 1099-Cs, it likely has no way of knowing if a Mississippian actually received student debt relief.

'That's the big question, right?' said Angela Gonzales, a tax manager based in Gulfport who specializes in student loan taxation. 'If you received student loan forgiveness, there's gonna be no transactions through your bank history, no tax documents. So how far are they going to look into this?'"

This article first appeared on Mississippi Today and is republished here under a Creative Commons license.

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Mississippi News

Warm and breezy for the weekend – Home – WCBI TV

Published

3 hours ago

April 26, 2024

Staff Editor

www.wcbi.com – Isaac Williams – 2024-04-26 06:06:18

SUMMARY: Temperatures will be above average in Columbus, Mississippi for late April, reaching the lower to middle 80s. Rain and thunderstorms are expected to return to the forecast on Monday. The weekend will be warm and breezy with highs in the low to mid 80s, although there might be occasional showers. Heading into next week, showers and storms are likely on Monday afternoon and evening, with a potential for locally heavy rain and a risk of severe weather. Scattered showers may continue through Tuesday and Wednesday as a slow-moving front approaches.

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Mississippi News

House Speaker Mike Johnson appears at Mississippi event

Published

11 hours ago

April 25, 2024

Staff Editor

www.wjtv.com – Cameron Smith – 2024-04-25 21:26:41

SUMMARY: US Speaker of the House Mike Johnson visited Mississippi and spoke at Jackson Preparatory School during an event hosted by NACLC. While reporters were unable to ask him questions, student Sophie Slade asked him about balancing foreign and domestic policy priorities. Johnson emphasized the importance of America first but not America only, and expressed concern about projecting weakness in foreign policy. He also discussed issues at the southern border and his recent speech at Columbia University about the protests following the war between Israel and Hamas. Additionally, officials announced that the US is expected to provide $6 billion to fund long-term weapons contracts for Ukraine.

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Mississippi News

Community stands behind mother who lost her daughter tragically

Published

14 hours ago

April 25, 2024

Staff Editor

www.wcbi.com – Shawanda Jones – 2024-04-25 19:01:00

SUMMARY: Sonya Baldwin, a longtime Hardee's employee in Columbus, Mississippi, recently lost her daughter Ashanti Jade Turner. Despite the tragedy, Baldwin has been overwhelmed by the outpouring of support from her community. Turner's granddaughter spoke about her close relationship with her aunt, emphasizing that her legacy will live on. Chick-fil-A in Columbus will be holding a candlelight vigil in Jade's memory. Baldwin expressed gratitude for the support during this difficult time and emphasized the importance of remembering her daughter. The community's response has been a source of comfort for the grieving family.

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The post Community stands behind mother who lost her daughter tragically appeared first on www.wcbi.com

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