Forgiveness

Key Points Public Service Loan Forgiveness is the only broad federal program that still cancels balances tax-free, and it survived the July 1, 2026 overhaul intact. Income-driven forgiveness now takes…

Under the Federal Perkins Loan Cancellation program, as long as you qualify, up to 100% of your loan can be cancelled over a period of 5 years. The catch to…

A new federal lawsuit is trying to answer a question more than 1.5 million student loan borrowers have been asking: did the Department of Education actually cancel the loans it…

The federal tax-free exclusion for most student-loan forgiveness under the American Rescue Plan Act of 2021 expires on December 31, 2025. Starting in tax year 2026, forgiven loan amounts under…

The American Federation of Teachers (AFT) is pushing to certify its lawsuit against the Department of Education as a nationwide class action, potentially covering more than a million borrowers. The…

President Trump generally does not support student loan forgiveness and would likely seek an end to some student loan forgiveness programs. But can the President reverse student loan forgiveness that…

Borrowers close to Public Service Loan Forgiveness (PSLF) are weighing whether to wait for the buyback program or resume active payments under income-driven repayment (IDR). PSLF buyback can recover missed…

The Department of Education has paused processing some types of student loan forgiveness. PSLF is still processing, while IBR-related forgiveness is currently paused due to “system updates” SAVE, PAYE, and…

The proposed regulatory text from the Education Department would ban certain employers from being eligible for Public Service Loan Forgiveness.

Key Points The 8th Circuit Court has blocked the Department of Education from forgiving student loans under the ICR and PAYE plans, citing lack of legal authority. The ruling centers…