All income-driven repayment plans qualify for student loan forgiveness after 25 years, sometimes sooner. Your remaining loan balance will be eligible for forgiveness after 20 years of qualifying payments for PAYE loans and 25 years for ICR loans. For both IBR and SAVE loans, your balance will be eligible for forgiveness after either 20 or 25 years of qualifying payments, depending on the terms of your loan or your type of study.