<prompt> Human: Hello, Has anyone encountered the situation when non-co-signor paid-off someones debt? I have an outstanding student loan that does not have a co-signor, and my parents have graciously said they would help payoff this loan. My concern is that the concept of forgiveness of debt income will rear its ugly head. As my parents are not co-signors on this loan it makes sense that I may need to recognize income on the payoff amount. I requested a copy of the promissory note from the lender and am waiting on that. I am thinking it may mention something in there. I also think I will need to research what forgiveness is defined as too. Any ideas on where to start, or feedback would be appreciated. Thanks! Edit: I understand its not forgiving debt, but the concept of debt forgiveness is what I was concerned about. So Im in debt, and if some one who is not legally liable for it pays said debt entirely, then how does that impact me? I go from having debt to not having debt which is a similar concept.  <response>: This isnt debt being forgiven. This is debt being paid. 