If you have very high debt and low income, then you may be able to have a substantial amount of debt forgiven after either 20 or 25 years, depending on the plan. (lendedu.com)
There are some programs that allow you to have your student loan debt forgiven after a certain amount of time. (lendedu.com)
Therefore, mortgage debt forgiven after this date will be considered taxable income to the borrower. (nar.realtor)