# Are all federal student loans forgiven after 15 years of school?

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- FAQ. Those who are looking for an answer to the question Â«Are all federal student loans forgiven after 15 years of school?Â» often ask the following questions
- 10 other answers
- Your answer
- 22 Related questions

FAQ

Those who are looking for an answer to the question Â«Are all federal student loans forgiven after 15 years of school?Â» often ask the following questions:

### âś”ď¸Ź Are federal student loans forgiven after 10 years?

The Public Service **Loan Forgiveness** program discharges any remaining **debt after 10 years** of full-time employment in public serviceâ€¦ Term: The forgiveness occurs after 120 monthly payments made on an eligible Federal Direct Loan. Periods of deferment and forbearance are not counted toward the 120 payments.

Question from categories: public service loan

- Do federal student loans get forgiven after 20 years?
- Will federal student loans be forgiven after 20 years?
- Are federal loans forgiven after 10 years?

### âś”ď¸Ź Are federal student loans forgiven after 20 years?

If you're making payments under an income-driven repayment plan and also working toward **loan forgiveness** under the Public Service Loan Forgiveness (PSLF) Program, you may qualify for forgiveness of any remaining loan balance after you've made 10 years of qualifying payments, instead of 20 or 25 years.

Question from categories: loan repayment

- Are federal loans forgiven after 20 years?
- When do federal student loans get forgiven after 25 years?
- Do federal loans get forgiven after 10 years?

### âś”ď¸Ź Are federal student loans forgiven after 25 years?

#### Loan Forgiveness

The maximum repayment period is**25 years**.

**After 25 years**, any remaining debt will be discharged (forgiven). Under current law, the amount of debt discharged is treated as taxable income, so you will have to pay income taxes 25 years from now on the amount discharged that year.

Question from categories: loan repayment

- Are all federal student loans forgiven after 15 years of death?
- Are student loans forgiven after 10 years?
- Are student loans forgiven after 15 years?

10 other answers

If you work full-time for a government or not-for-profit organization, you may qualify for forgiveness of the entire remaining balance of your Direct Loans after youâ€™ve made 120 qualifying paymentsâ€”that is, 10 years of payments. To benefit from PSLF, you should repay your federal student loans under an income-driven repayment plan.

Forgives the remaining balance on your Federal Direct Loans after 120 qualifying payments (estimated over 10 years). Hereâ€™s what you need to know about PSLF: Unlike other programs, PSLF does not require you teach at a low-income public school but only requires that you work for qualifying employer.

Student loan forgiveness is possible after 20 years if youâ€™re only repaying undergraduate loans, or after 25 years for any of the loans youâ€™re repaying from graduate school or professional study.

While the PSLF Program will forgive your federal student loans after 10 years, there are no student loan forgiveness programs for private student loans after 10 years. You're stuck with them until you pay them off, negotiate a settlement, or the statute of limitations runs out (more on that below). Do student loans go away after 20/25 years?

As you can see, student loans are only automatically forgiven after 20 or 25 years if youâ€™re on an income-driven repayment plan and donâ€™t fall behind on your payments. But there could be changes in the years to come. President-Elect Joe Biden has stated his support for a number of student loan changes, including:

If youâ€™ve made all of your payments, the rest of the loan is forgiven after the predetermined pay period. Say your plan is set up for 10% of your monthly take-home pay for 20 years starting in...

With the passage of the American Recovery Act in March 2021, President Biden made all student loan forgiveness and discharge tax-free on the Federal level, regardless of loan type or program.

The American Rescue Plan, passed by Congress and signed into law in March, seemingly paved the way for blanket forgiveness by changing the federal governmentâ€™s revenue code so that any student loan debt canceled after Dec. 31, 2020, and before Jan. 1, 2026, would not be considered income and therefore wouldnâ€™t be taxed.

If you borrowed federal student loans solely for undergraduate studies, your loans can be forgiven after 240 monthly payments. If you borrowed federal loans for graduate school, your loans can be forgiven after 300 monthly payment. Loans eligible for IDR Plan Forgiveness:

Public Service Loan Forgiveness Public Service Loan Forgiveness is a U.S. Department of Education program that erases any federal student loan balance remaining after you make 10 years of payments...

We've handpicked 22 related questions for you, similar to Â«Are all federal student loans forgiven after 15 years of school?Â» so you can surely find the answer!

### Are student loans forgiven after 20 years?

Revised Pay As You Earn (REPAYE) works much the same way as Pay As You Earn. Under this plan, your payments will be capped at 10% of your discretionary income. Undergraduate loans are **forgiven after 20 years**, while graduate school loans are **forgiven after** 25 years.

### Are student loans forgiven after 25 years?

Loan Forgiveness

The maximum repayment period is **25 years**. **After 25 years**, any remaining debt will be discharged (forgiven). Under current law, the amount of debt discharged is treated as taxable income, so you will have to pay income taxes 25 years from now on the amount discharged that year.

### Are student loans forgiven after 30 years?

Otherwise, forgiveness won't occur until after 25 years. **Student loan forgiveness** is possible after 20 years if you're only repaying undergraduate loans, or after 25 years for any of the loans you're repaying from graduate school or professional study. Student loan forgiveness is possible after 25 years of repayment.

### Are student loans forgiven after 7 years?

Your responsibility to pay **student loans** doesn't go away **after 7 years**. But if it's been more than 7.5 years since you made a payment on your **student loan debt**, the debt and the missed payments can be removed from your credit report. And if that happens, your credit score may go up, which is a good thing.

### Can school loans be forgiven after 10 years?

The Public Service **Loan Forgiveness** program discharges any remaining **debt after 10 years** of full-time employment in public serviceâ€¦ Term: The forgiveness occurs after 120 monthly payments made on an eligible Federal Direct Loan. Periods of deferment and forbearance are not counted toward the 120 payments.

### Are all student loans forgiven after 20 years?

#### Forgiveness with Revised Pay As You Earn (REPAYE)

Undergraduate loans are**forgiven after 20 years**, while graduate school loans are

**forgiven after**25 years.

### Are all student loans forgiven after 25 years?

In such a circumstance you can file an alternative documentation of income form to get an adjustment to your monthly payment. The maximum repayment period is **25 years**. **After 25 years**, any remaining debt will be discharged (forgiven).

### Are government student loans forgiven after 10 years?

If you work full-time for a government or not-for-profit organization, you may qualify for forgiveness of the entire remaining balance of your Direct Loans after youâ€™ve made 120 qualifying paymentsâ€”that is, 10 years of payments. To benefit from PSLF, you should repay your federal student loans under an income-driven repayment plan.

### Are student loans automatically forgiven after 25 years?

#### Loan Forgiveness

The maximum repayment period is**25 years**.

**After 25 years**, any remaining debt will be discharged (forgiven). Under current law, the amount of debt discharged is treated as taxable income, so you will have to pay income taxes 25 years from now on the amount discharged that year.

### Are student loans forgiven after so many years?

Revised Pay As You Earn (REPAYE) works much the same way as Pay As You Earn. Under this plan, your payments will be capped at 10% of your discretionary income. Undergraduate loans are **forgiven after** 20 years, while graduate school loans are forgiven after 25 years.

### Are student loans really forgiven after 20 years?

#### Forgiveness with Revised Pay As You Earn (REPAYE)

Revised Pay As You Earn (REPAYE) works much the same way as Pay As You Earn. Under this plan, your payments will be capped at 10% of your discretionary income. Undergraduate loans are**forgiven after 20 years**, while graduate school loans are

**forgiven after**25 years.

### Are teachers student loans forgiven after 10 years?

**Public Service Loan Forgiveness**

Work for the government or a nonprofit (including public schools and private nonprofit schools) for at least 10 years to be eligible. Borrowers with federal direct loans qualify. If you have other types of federal student loans, you can consolidate them to become eligible.

### Are your student loans forgiven after 10 years?

While payments made under **the 10**-year Standard Repayment Plan are qualifying payments, you would have to change to an IDR plan to benefit from PSLF. Under the 10-year Standard Repayment Plan, **your loans** will be paid in full once you have made the 120 qualifying PSLF payments and there will be no balance to forgive.

### Are your student loans forgiven after 20 years?

#### Forgiveness with Revised Pay As You Earn (REPAYE)

Undergraduate loans are**forgiven after 20 years**, while graduate

**school loans**are

**forgiven after**25 years.

### Can student loans be forgiven after 10 years?

The **Public Service Loan Forgiveness program discharges any remaining debt** after 10 years of full-time employment in public serviceâ€¦ Term: The forgiveness occurs after 120 monthly payments made on an eligible Federal Direct Loan. Periods of deferment and forbearance are not counted toward the 120 payments.

### Can student loans be forgiven after 20 years?

**Student loan forgiveness** is possible **after 20 years** if you're only repaying undergraduate loans, or after 25 years for any of the loans you're repaying from graduate school or professional study. Student loan forgiveness is possible after 25 years of repayment.

### Can student loans be forgiven after 25 years?

#### Loan Forgiveness

The maximum repayment period is**25 years**.

**After 25 years**, any remaining

**debt will**be discharged (forgiven). Under current law, the amount of debt discharged is treated as taxable income, so you will have to pay income taxes 25 years from now on the amount discharged that year.

### Can student loans be forgiven after 40 years?

Borrowers who repay their federal student loans in the income-based repayment (IBR) plan will have the remaining debt forgiven after 25 years in repayment. For borrowers in the pay-as-you-earn repayment (PAYE) plan, the remaining debt is forgiven after 20 years in repayment. Under current law, this forgiveness is taxable.

### Do student loans get forgiven after 10 years?

**Loan Forgiveness** program discharges any remaining **debt after 10 years** of full-time employment in public serviceâ€¦ Term: The forgiveness occurs after 120 monthly payments made on an eligible Federal Direct Loan. Periods of deferment and forbearance are not counted toward the 120 payments.

### Do student loans get forgiven after 20 years?

Revised Pay As You Earn (REPAYE) works much the same way as Pay As You Earn. Under this plan, your payments will be capped at 10% of your discretionary income. Undergraduate loans are **forgiven after 20 years**, while graduate school loans are **forgiven after** 25 years.

### Do student loans get forgiven after 25 years?

#### Loan Forgiveness

The maximum repayment period is**25 years**.

**After 25 years**, any remaining debt will be discharged (forgiven). Under current law, the amount of debt discharged is treated as taxable income, so you will have to pay income taxes 25 years from now on the amount discharged that year.

### How student loans are forgiven after 20 years?

As you can see, student loans are only automatically forgiven after 20 or 25 years if youâ€™re on an income-driven repayment plan and donâ€™t fall behind on your payments. But there could be changes in the years to come. President-Elect Joe Biden has stated his support for a number of student loan changes, including: