- Joined
- Aug 26, 2015
- Messages
- 20
- Reaction score
- 10
Reading through all of the information on this forum will seriously melt your brain.
I am not sure why Uncle Sam doesn't just institute PAYE as the only repayment option and give people the option to pay extra if they want to. Isn't everyone paying as they earn?
I have been following student loans since Direct lending was invented in the early 90's, but Obama has been confusing the bejeezus out of me.
Here is my question: I borrowed until 2010 (up to a quarter mil) and have been paying under IBR during residency/fellowship since the summer of 2010. I still have a resident/fellow income. My intent is PSLF for which I am halfway through the 10 year commitment.
I had not thought that I was eligible for PAYE, but now people are saying that I am eligible.
So here is my question: Should I have switched to PAYE from IBR at some point? Or is my supposed eligibility not in effect yet because REPAYE is not yet law?
Please, I don't need any commentary about how PSLF will go away or whatever. That is not my concern right now and won't change my enrollment in income-driven plans. I will be on an income-driven plan right now regardless of what happens to PSLF.
I am not sure why Uncle Sam doesn't just institute PAYE as the only repayment option and give people the option to pay extra if they want to. Isn't everyone paying as they earn?
I have been following student loans since Direct lending was invented in the early 90's, but Obama has been confusing the bejeezus out of me.
Here is my question: I borrowed until 2010 (up to a quarter mil) and have been paying under IBR during residency/fellowship since the summer of 2010. I still have a resident/fellow income. My intent is PSLF for which I am halfway through the 10 year commitment.
I had not thought that I was eligible for PAYE, but now people are saying that I am eligible.
So here is my question: Should I have switched to PAYE from IBR at some point? Or is my supposed eligibility not in effect yet because REPAYE is not yet law?
Please, I don't need any commentary about how PSLF will go away or whatever. That is not my concern right now and won't change my enrollment in income-driven plans. I will be on an income-driven plan right now regardless of what happens to PSLF.