The promise of relief for millions of Americans burdened by student debt has arrived, though with an expiration date. The Trump administration has confirmed that borrowers who recently became eligible for student loan forgiveness will not be taxed on their discharged loans at the federal level. But the reprieve may only last until the clock runs out on a provision set to expire at the end of 2025. The US Department of Education, in a statement issued on October 17, clarified that it will resume processing loan cancellations under the Income-Contingent Repayment (ICR) and Pay As You Earn (PAYE) plans. These are among the government’s long-running income-driven repayment (IDR) programs that cancel any remaining debt after 20 or 25 years of qualifying payments. According to The Washingto

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