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[quote=Anonymous][quote=Anonymous]law school debt poster is probably a troll. With a HHI of 300k she and her husband don't qualify for IBR because they make too much money. IBR doesn't take other debt into consideration (mortgage, cars, etc) and also doesn't take childcare into account when calculating your monthly payments. IBR does consider family size, but 300k/year wth 2 kids wouldn't cut it. With 3 kids they might, but the payment wouldn't reduce by much. Go play with an IBR loan payment calculator. Most whose loan sizes are equal to or less than their income won't qualify.

I know because I am on IBR for law school, using the PSLF. I have to apply every year, and I'm constantly trying to reduce my taxable income. That means that with a gross of 70+k/year I'm over halfway to maxing out my TSP contributions (not married) so that my income stays low and my payments don't go up. [/quote]

This. I'm also on IBR for law school, and PSLF. We did not qualify until I had my daughter, and even then the payment is still only $25 cheaper. I'm doing it for the PSLF aspect. I went to a state law school with a partial scholarship. I had my daughter at 27, after going through infertility. So, I'm personally glad I didn't wait 10 years, as surely I would've needed even more expensive treatments. I know this, because I need them now at 30, so we are stopping at one! Low ovarian reserve in an otherwise perfectly healthy 26 year old! And both my grandmothers had 7-10 kids a piece!

Anyways, this thread has been very enlightening. I met this lady at the gym, and she was telling me about their $11K Disney cruise last year. Then she let it slip that it took a long time to pay it off. Yet, they're headed on another fancy vacation because it's spring break![/quote]

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