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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m interested in this topic, but I’m not sure it’s our path.

36 months more of busting out 3k monthly. And we’ll be done. $99k balance now.

At that point we will be 11.5 years post grad. (Currently 8.5 years post grad).

So I can’t imagine the balances hanging around for another 11 years from today. I think it’s $92k of minimums, more or less. Plus, would we qualify? Plus the tax burden that final year. And what if we’ve placed our bet on it, and the program goes away?

So it feels like we want to finish it out ourselves.[/quote]

The only bonus is that we could be using excess $2300 / month on investing now, monthly. (3000 monthly minus 700 minimum).

So it’s immediate investing, or delayed investing but a LOT more?[/quote]

Doesn’t make sense to wait another 11.5 years for forgiveness in your case. You’ll also have to pay federal and state taxes on the balance forgiven. Assume you have $100K forgiven…you’ll probably need to pony up a solid $25-30K depending on your other income that year.

[b]The only way forgiveness after 20-25 years is “worth it” is if you are truly low income. [/b]And even then, those people will not be able to afford the tax bomb.

The only forgiveness worth a damn is PSLF, which has the twin benefits of forgiveness after only 10 years + it’s tax free. [/quote]

Not true. If you make $50k out of school (NOT "truly low income"), your salary increases by 5% each year and you have $55k in loans, you would be able to get tens of thousands forgiven by going on the SAVE plan.[/quote]

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