Reply to Anyone plan on not paying back student loans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Can someone explain to me who (what jobs) are eligible for loan forgiveness? I assume teachers, but does that also include all federal employees?  Is this for federal loans only? Are Parent Plus loans are excluded?

Another dumb question: From what I understand, the repayment plan is based on the person’s salary who has the loan. Does your spouses salary affect your payment amount?[/quote]

Parent Plus loans are in the parent’s name. In contrast, private loans like Sallie Mae are in the student’s name but co-signed by the parent. Both are icky. But anyway, the Parent would have to be the one working the public service job. [/quote]

Parent PLUS and private loans are not eligible for PSLF.[/quote]

According to the feds, Parent PLUS loans are eligible. The terms for a PP loan by itself may make PSLF a bad option (you would repay fully by the time you got forgiveness) but if the parent also holds their own direct loans or FFLE loans all the loans can be consolidated into a direct loan which is eligible for income based repayment options. https://studentaid.gov/help-center/answers/article/are-direct-plus-loans-eligible-for-pslf[/quote]

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