Word to the Wise on New Loan Forgiveness Programs: You May Not Qualifyhttp://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/06/10/781.aspxCollege students looking to relieve their federal student loan debt “will be sorely disappointed” with the government’s new loan forgiveness programs that will begin in 2009, according to an article in U.S. News &amp; World Report (“ The Problem withenCommunityServer 2.1 SP2 (Build: 61129.1)re: Word to the Wise on New Loan Forgiveness Programs: You May Not Qualifyhttp://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/06/10/781.aspx#783Wed, 11 Jun 2008 12:11:09 GMTc0b53b60-afea-4997-819f-3c9f67288b0a:783VOPS<p>The income based student loan repayment option is not that great either. At the end of the 25 year pay off, the balance is then taxed as income by the IRS, with what will be a huge tax bill due. If you cannot pay that, you end up paying interest and late fees to the IRS, so the nightmare continues, and never ends.</p> <p>Personally I do not consider that an option either.</p>