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The Public Service Loan Forgiveness Program is a federal repayment program that pays off your debt after 10 years of IBR payments. There is a new act called: Student Loan Forgiveness Act of 2012 and this will reduce the 10 years to 5 years. I'm currently starting my 3rd year as a navy dentist and I still have 175K of debt but I've been paying on it with the IBR and my payments have only been around 400 a month. I lower my AGI via TSP and since I have a wife and 2 kids that helps lower my payment too. I did the HSCP program because I am a prior dental tech and had time in already so I came in as an 03E with 9 years after the 4 years of dental school added 4 years of time to my active duty. To sign this petition and help lower it to 5 years go to:
http://signon.org/sign/support-the-student-loan.fb1?source=s.fb&r_by=3580410
http://signon.org/sign/support-the-student-loan.fb1?source=s.fb&r_by=3580410