Student Loan Forgiveness 2025 Eligibility Age Limit. Student loan forgiveness is the process where federal student loans can be forgiven, canceled, or discharged. Learn about 5 major updates, including blocked plans, open options, and what borrowers can expect next.

After that, how loan forgiveness is taxed varies by program: Student loan forgiveness isn’t taxable at the federal level through 2025, due to the american rescue plan act.