A December 31, 2025 deadline now matters for a subset of federal borrowers: those enrolled in the SAVE income-driven repayment plan who have already accrued 300 qualifying payments and seek discharge without tax consequences. Government guidance and University Business reporting say affected borrowers must apply to switch repayment plans by year-end to preserve tax-free forgiveness. Financial aid offices and enrollment counselors should warn alumni and current students approaching the 300-payment threshold to file before the cutoff to avoid unexpected tax liabilities.