Any amount forgiven at the end of an IBR term is considered taxable income, so at some point you're going to just trade your student loan servicer's payment pla

Any amount forgiven at the end of an IBR term is considered taxable income, so at some point you're going to just trade your student loan servicer's payment plan for an installment plan with the IRS. And if your IBR payment isn't enough to cover the interest as it accrues, your balance at the end might be pretty big. There was a story in the WSJ about a dentist who currently has $1MM in student loan balances and is on IBR. When the IBR period expires, he'd be likely to have a $2MM balance forgiven and consequently a $700K tax liability. https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975 https://www.wsj.com/articles/mike-meru-has-1-million-in-stud...