re: Student Loan Repayment Options Explained

Yeah, that's about what I've found. This from IRS Pub. 970:

quote:

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To qualify for tax-free treatment, for the cancellation of your loan, your loan must have been made by a qualified lender to assist you in attending an eligible educational institution and contain a provision that all or part of the debt will be canceled if you work:

•
For a certain period of time,

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In certain professions, and

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For any of a broad class of employers.

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doesn't exactly give me a warm feeling, but I suppose it's the best out there. I'll be very interested to see what happens in 2017 when the first of the PSLF participants hit their 120 payment mark.

And yes, that studentaid.gov is a government site - Department of Education. I fully indend to make that studentaid.gov page part of my appeal to the IRS should I get hit with a "tax bomb" after the balance of my debt is forgiven under PSLF.