Reply to Does anyone else owe a TON in student loans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]PP, the IBR program is not specifically for government attorneys. The program is for public interest work. It would be impossible to review every public sector job to determine whether it is worthy of loan forgiveness.  Pres Obama definitely supports public interest work.  This includes teachers and nonprofits.

FYI, some senators believe the forgiveness should occur after 5 years instead of ten. The county is moving towards more support for indebted students, not less.

At least the IBR program helps grads who are working.  How many government dollars go towards those who never work?[/quote]

Most fed attorneys make too much for IBR.  Calm yourself [/quote]

New students fresh out of college qualify.  GS-11 Step 1 starts at $63K/year.  Two married lawyers, each just of law school with GS-11 jobs, $150K in student loans each, IBR would be a good program for them.  When my spouse and I first started out, our payments on a ten-year repayment plan would've been $2,700/month together.  With IBR, they were $1,200.  [/quote]

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