Reply to Donut family: Pay for T10 or go to state for almost free

Forum Index » College and University Discussion

Reply to "Donut family: Pay for T10 or go to state for almost free"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It doesn’t sound like you can afford the T10.  Did you run the aid calculator before she applied?[/quote]

not OP but I'm full pay, knew the price way ahead of time, and we still consider the pluses and minuses.  what colleges think we can afford and what we're comfortable spending are not 100% in sync.

Being smart about money is how people making 200k end up w the assets that put them into the full pay bucket.

to OP - how old are you?  if you work for the government, loans you take out could be forgiven in full if you work for 10 years post kids graduation. SO if you're 50 or younger, maybe this works.  if you're 60, probably not.[/quote]

[b]Huh? Where are you getting loans will be forgiven. I’m a Fed.[/b]

I’m the same age as OP and don’t understand how there is so little in retirement. I have $1.6 million in my Fed TSP alone. I started contributing as soon as I started my career. My husband has his own retirement as well.[/quote]

I'm not PP - but I have a friend (in 30's) who had her loans forgiven after working for the federal government fo 10 years.  There's a very prescribed process for this. I think you need to apply for the program (probably as soon as you start working for the federal government) and I believe you have to pay religiously on time for the entire 10 years. I"m not sure how the loan payment freeze periods work (or if they screw your 10 years of on time payments requirement).  Anyway - the friend had been paying and now the rest of the loan is forgiven.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics