i'm looking over my loan offers online and there are certain payment plans listed that no one ever mentions. it was mentioned at the usc interview's financial aide presentation, but the school im attending's financial aide counselor hasnt even heard of it. there is a payment plan which allows you to pay only 15% of your yearly income for 25 years, pay tax on remaining balance, then rest is totally forgiven. for those of you like me who are going into $350k+ at 7% interest this sounds like a great deal. you get to live a very comfortable life and basically live with good debt. anyone have thoughts on this type of payment plan, maybe i'm missing some important points?