Explained: Who qualifies for Donald Trump's student loan forgiveness plans
The Trump administration has agreed to reinstate student loan forgiveness plans following a settlement with the American Federation of Teachers. The deal restores access to income-driven repayment and Public Service Loan Forgiveness schemes, allowing eligible borrowers debt cancellation and refunds. Those qualifying by 31 December, 2025 will avoid federal tax on forgiven debt, pending court approval.
The Trump administration has agreed to reinstate student loan forgiveness plans following a settlement with the American Federation of Teachers. The deal restores access to income-driven repayment and Public Service Loan Forgiveness schemes, allowing eligible borrowers debt cancellation and refunds. Those qualifying by 31 December, 2025 will avoid federal tax on forgiven debt, pending court approval.
