<prompt> Human: Someone gets 400k student public federal loans forgiven through IBRPAYE. They get taxed on that amount. Can they pay in installments or does it have to be in 1 go? Can they take out a loan against the tax they owe?  <response>: Given how new this payment plans are, I dont believe anyone has 1st hand knowledge of what happens because no one has had their loans forgiven yet. I imagine the IRS would work out a payment plan. They do it all the time for people who owe taxes they havent paid. 