This bill aims to support public school teachers by providing significant student loan relief. It introduces a new section to the Higher Education Act of 1965, establishing a program for the forgiveness of eligible federal undergraduate loans for borrowers employed full-time as a public school teacher for at least 8 consecutive years. Upon completion of this service, the Secretary of Education will forgive the entire balance of principal and interest due on the eligible federal undergraduate loans. A key provision ensures that the amount of loan forgiveness received under this program will not be considered taxable income , and borrowers can receive these benefits in addition to other existing loan forgiveness programs. The bill also amends the Higher Education Act to provide for a new loan deferment option for public school teachers, applicable to Federal Direct Loans, FFEL Loans, and Perkins Loans. During this deferment period, which includes their service and six months thereafter, borrowers can postpone payments without accruing interest, applying to both new and existing loans. Finally, the legislation amends the Internal Revenue Code to authorize the Secretary of the Treasury to disclose specific tax return information to the Secretary of Education solely for the purpose of verifying eligibility and discharging loans under this new public school teacher loan forgiveness program.