20-year grad PLUS loan REPAYE


Full Member
May 16, 2020
  1. Pharmacy Student
So a financial aid personnel told all students of my school to apply for REPAYE at the end of our pharmacy program bc of the 50% unpaid interest subsidy. They also said a gentleman at Dept of Ed advised so. And even though it's 25 years for grad Plus loan, we can switch to PAYE, if qualified, and make it 20 years.
So 25-year repaye can be 20-year, right?


Senior Member
Moderator Emeritus
15+ Year Member
Jun 12, 2006
  1. Attending Physician
There's a lot of variables. If you do PAYE, it's 20 years until forgiveness. Your debt to income ratio has to be fairly high to last for 20 years and still have loans left for forgiveness. The 20 year PAYE forgiveness is taxable. It's almost always a better option to refinance your loans after graduation to private unless your debt to income is extremely high. Public Service Loan Forgiveness is a different story after 10 years and untaxed forgiveness but not sure how many nonprofits are out there for pharmacy.
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