Sudent Loan Forgiveness

Student loan forgiveness is a process where a portion or all of a borrower's remaining federal student loan debt is canceled, typically after meeting specific criteria. This often involves working in certain public service or underserved sectors for a set period, making consistent payments, or qualifying through income-driven repayment plans. The goal is to reduce financial burden and encourage careers in public service or community roles. However, forgiven amounts may be considered taxable income, and eligibility varies depending on the program.