I'm going into first year medical school now and i'm thinking about eventually getting involved with using PSLF.
but it just seems a bit strange to me for the following reason:
what's to prevent a student from taking the absolute maximum amount in loans (both regular unsubbed loans and gradplus loans) over the 4 years even though its not necessary for their living expenses...working in a 501c3 for 10 years while making minimum monthly payments and net a huge amount (haven't calculated it but it would be based on how much over your yearly needs the loan goes) in forgiven tax free cash that's been sitting in a savings account and/or commodities/equities?
but it just seems a bit strange to me for the following reason:
what's to prevent a student from taking the absolute maximum amount in loans (both regular unsubbed loans and gradplus loans) over the 4 years even though its not necessary for their living expenses...working in a 501c3 for 10 years while making minimum monthly payments and net a huge amount (haven't calculated it but it would be based on how much over your yearly needs the loan goes) in forgiven tax free cash that's been sitting in a savings account and/or commodities/equities?
