Anonymous User wrote:Debt: $210K (dat sticker...)
Payments: $600/month under IBR, currently moving to PAYE for $400/month, Standard Payment Plan: $2,400/month (Um, nope, can't do that...)
Income: $90k (that's before taxes kiddos!), PSLF eligible job.
Plan: currently transfering from IBR to PAYE.
Misc info: Fed gov job (but not BIGFED), started trying to repay under the standard plan (almost $30k per year), decided that living like a hobo wasn't worth it, now I'm on the 10 year PSLF PAYE plan...
I do not understand how these loan repayment programs like IBR and PSLF work, I thought you had to have under like $60k salary to qualify for PSLF?
Does anyone know of a website that might explain these things in an easy to understand manner, because they really confuse me. Maybe public interest loan repayment for dummies?