Public Service Loan Forgiveness question

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
User avatar
gmail
Posts: 1012
Joined: Mon Oct 15, 2007 9:41 pm

Public Service Loan Forgiveness question

Postby gmail » Wed Aug 07, 2013 1:14 pm

4134
Last edited by gmail on Tue Aug 13, 2013 7:13 am, edited 1 time in total.

User avatar
haus
Posts: 2818
Joined: Wed Aug 18, 2010 11:07 am

Re: Public Service Loan Forgiveness question

Postby haus » Wed Aug 07, 2013 2:12 pm

I suspect that you will find that you payments before law school could count towards releif of your undergrad loans, but not your law school loans (as these did not yet exist).

It is possible that payments made on your 1L loans could count, but this will not have any impact on loans that you take out after these payments.

User avatar
gmail
Posts: 1012
Joined: Mon Oct 15, 2007 9:41 pm

Re: Public Service Loan Forgiveness question

Postby gmail » Wed Aug 07, 2013 4:32 pm

4134
Last edited by gmail on Tue Aug 13, 2013 7:13 am, edited 1 time in total.

User avatar
haus
Posts: 2818
Joined: Wed Aug 18, 2010 11:07 am

Re: Public Service Loan Forgiveness question

Postby haus » Wed Aug 07, 2013 5:33 pm

I believe that a consolidation is treated as a new loan, hence any previous payments no longer count towards your 120.

User avatar
arkgawilson
Posts: 155
Joined: Sun Oct 21, 2012 6:33 pm

Re: Public Service Loan Forgiveness question

Postby arkgawilson » Wed Aug 14, 2013 8:21 am

haus wrote:I believe that a consolidation is treated as a new loan, hence any previous payments no longer count towards your 120.


spent several hours on the phone with my servicer trying to figure this out just the other day (lots of debt from professional doc. degree) and you're 100% correct




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 1 guest