Mentions of “Revenue” — 5 found
… nd; or •another educational loan that is a qualified education loan, as defined in Section 221(d)(1) of the Internal Revenue Code of 1986, incurred by a borrower who is an individual. 4. According to Federal Reserve data, approximately 90,000 …
… estimates 14% of these borrowers had no tax liability and another 16% had less than $500 in tax liability. 5. The revenue loss estimates assume that only the borrower would have student loan interest expense during the year. 6. The Fisc …
… es assume that only the borrower would have student loan interest expense during the year. 6. The Fiscal Year 2023 revenue loss is reduced by the current federal moratorium on student loan payments which is scheduled to expire May 1, 2022. …
… orium on student loan payments which is scheduled to expire May 1, 2022. The Fiscal Year 2024 and Fiscal Year 2025 revenue loss estimates assume a full year of loan payments by borrowers. Cost: General Fund Revenue Loss: Fiscal Year 2023: $ …
… 024 and Fiscal Year 2025 revenue loss estimates assume a full year of loan payments by borrowers. Cost: General Fund Revenue Loss: Fiscal Year 2023: $26.9 million Fiscal Year 2024: $40.7 million Fiscal Year 2025: $40.7 million Prepared by R …