Outstanding balance after reaching end of repayment term is forgiven. (magnifymoney.com)
At the end of the repayment term, either 20 or 25 years, the remaining balance is automatically forgiven so long as borrowers have made consistent, on - time payments. (studentloans.net)
The amount you're forgiven at the end of the repayment term will be taxed as income, according to current IRS rules. (nerdwallet.com)