Does the loan forgiveness apply toward grad plus loans?

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billbraski2013
Posts: 13
Joined: Tue Mar 16, 2010 6:43 pm

Does the loan forgiveness apply toward grad plus loans?

Postby billbraski2013 » Wed Mar 31, 2010 9:54 pm

Does the loan forgiveness for working PI/gov in 10 yrs. apply toward grad plus loans or is it just sub and unsub loans?

Also, what is the deal with it starting in 2014. That is just the change from 15% to 10%, right?

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ozarkhack
Posts: 380
Joined: Tue Sep 29, 2009 2:48 pm

Re: Does the loan forgiveness apply toward grad plus loans?

Postby ozarkhack » Wed Mar 31, 2010 9:58 pm

GradPLUS loans qualify as well.

And yes, IBR drops to 10% for loans originated after July 1, 2014. For loans before that date it's 15%.

billbraski2013
Posts: 13
Joined: Tue Mar 16, 2010 6:43 pm

Re: Does the loan forgiveness apply toward grad plus loans?

Postby billbraski2013 » Wed Mar 31, 2010 10:00 pm

are you 100% sure about that, because grad plus are not government loans, right?

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annapavlova
Posts: 203
Joined: Thu Mar 05, 2009 9:53 am

Re: Does the loan forgiveness apply toward grad plus loans?

Postby annapavlova » Wed Mar 31, 2010 10:01 pm

billbraski2013 wrote:are you 100% sure about that, because grad plus are not government loans, right?


Awww...cute...

Yes they are honey. They're government loans, with a varying interest rate (depending on whether your school does Direct Loan servicing). They qualify without a doubt.

BTW - screw you guys post 2014.




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