One way to prepare for a potential tax bill is to estimate your projected student loan forgiveness and set aside the amount of money you may owe in taxes early. How much you will be required to pay in taxes will depend on a host of factors including in what year your loan forgiveness occurs, the federal and state laws around taxation on student loans forgiven at that time, as well as your income and, therefore, what tax bracket you’re in. GradFin, in conjunction with your tax professional, can help you answer some of those questions and plan accordingly.