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It might be. If the program still exists, and you didn't do any paperwork wrong in 25 years. And then you might owe taxes on the forgiven portion.
by lazyasciiart 7y ago
It might be. If the program still exists, and you didn't do any paperwork wrong in 25 years. And then you might owe taxes on the forgiven portion.
- rayiner 7y agoThe government could get rid of IBR, but it would be very difficult to do so retroactively. At that point, ordinary contract law principles come into play. The government’s freedom to end federal programs doesn’t free it from having to meet pre-existing contractual requirements. Even Trump’s plan and the new GOP bill only gets rid of loan forgiveness for new loans, and only 10-year public interest forgiveness program, not the 25-year forgiveness for everyone else.