Originally Posted by xenotype
How would the payments on over $400k in debt at 7% interest be less than 10% of discretionary income? The monthly payments on this are over $4500 per month according to ed.gov for the standard 10 year repayment term. That is almost 50% of a hospitalist attending's salary per month after taxes. How would one not qualify for IBR in this situation? The IBR payments wouldn't even cover the interest on the loan.
Once you start making attending salary, you will be forced to pay principal as well, not just interest. Welcome to reality.
However, if your loans are so large that you qualify for IBR, you will likely still end up paying for at least the amount that you borrowed. Additionally, if you have 200k forgiven, you would most likely still have to pay 50-60k of it in taxes.
Live below your means.