Using Local Coins in the State of Texas?

The long treasury e t f is getting killed. Long term bull market and bonds is over over. If the bond administration institutes federal student forgiveness, would the forgiven amount be taxed as ordinary income? For someone who owes, say, 80 thousand, makes a little more than that an annual salary, you would have quite a tax bill. I believe she should try to pay them off. Thank you so much for answering my question last time about my daughter's paying off her sizable student loans.