Student Loans

Public Service Loan Forgiveness in the US: How to Get Your Federal Student Loans Forgiven After 120 Payments

There are two kinds of student-loan advice in America. The kind that’s basically “make more money,” and the kind that actually changes your life. **Public Service Loan Forgiveness (PSLF)** is firmly in the second category.

Amount: Forgives remaining Direct Loan balance after 120 qualifying payments Deadline: Rolling Location: United States

SAVE Plan Income-Driven Repayment

Income-driven repayment plan for federal student loans that lowers monthly payments and offers faster forgiveness for low balances.

Type: Benefit Amount: Monthly payments set at 5%–10% of discretionary income with forgiveness after 10–25 years Deadline: Ongoing Location: United States

Student Loan Interest Deduction | Internal Revenue Service (Tax Year 2025)

Federal above-the-line deduction for student loan interest, with up to $2,500 deductible and updated 2025 MAGI phaseout thresholds.

Amount: Up to $2,500 deduction of qualified student loan interest (reduces taxable income) Deadline: Apr 15, 2026 Location: United States