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Reply to "How would you suggest I approach my student loan repayment? Long post. "
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[quote=Anonymous]Is your job private sector or public sector/non-profit that will qualify for Public Sector Loan Forgiveness (PSLF)? Tell us your: -Outstanding principle amount -Current income -Expected income trajectory for the next five years All of this matters. I had my loans forgiven yesterday through PSLF. I made the absolute minimum interest payments for 10 years and got it all forgiven. PSLF is not taxed at time of forgiveness. In that time, I maxed out my 401K, bought a nice house with my wife, got married, and had a kid. I never would've been able to afford that if I was paying more than the minimum interest payment. Of course, it was a bit daunting to never see my principal value go down. Your exact circumstances really matter to the answer we can give you.[/quote]
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