<prompt> Human: So I am currently living with my dad and after I move out he is selling the house. He wants to pay off all my student loans and he said I can pay him back with no interest in the future I guess slowly over time. The only thing is I know theres a gift tax or whatever. I owe about 120,000 in loans. How would it be taxed? Thanks.  <response>: There wouldnt be a tax. The only tax you would have, is the relationship between you and your dad. Dont break it, or it could go bad for you. 