What is loan forgiveness?
An example of an AI chatbot conversation about loan forgiveness options and eligibility.
What is loan forgiveness?
Loan forgiveness is a program that cancels some or all of your student loan debt under certain conditions.
Who qualifies for loan forgiveness?
Eligibility varies by program, but generally, it includes public service workers, teachers, and those in certain professions.
How do I apply for loan forgiveness?
You typically need to fill out an application specific to the forgiveness program you're interested in, along with any required documentation.
Are there any tax implications for forgiven loans?
Yes, in some cases, forgiven loans may be considered taxable income, but there are exceptions depending on the program.
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