Student Loan Forgiveness Programs in 2026

Public Service Loan Forgiveness (PSLF) forgives remaining federal loan balances after 10 years (120 payments) of working for a qualifying employer (government, nonprofits). Payments must be made on an income-driven plan.

The forgiveness is tax-free. Teacher Loan Forgiveness offers up to $17,500 after 5 years of teaching in low-income schools.

Income-driven plan forgiveness after 20–25 years is taxable as income. Always verify your employer qualifies and submit annual Employment Certification Forms..