To amend the Internal Revenue Code of 1986 with respect to the discharge, or repayment, of student loans of students who agree to perform services in certain professions.

Amends the Internal Revenue Code to extend discharge of indebtedness provisions to loan cancellation programs of banks and institutions of higher education. Includes under such program loans made to students by institutions of higher education to repay other loans. Permits the institution to repay such other loans.