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- Posts: 125
- Joined: Sun Oct 12, 2008 3:37 pm
I'm considering working in the Army Reserves JAG on the weekends while working at my law firm (my firm is cool with this--I talked to them). Anybody know whether doing this would make me eligible for the 10-year IBR plan?
- Posts: 788
- Joined: Wed Feb 10, 2010 12:51 am
No, unless you're working 30 hours a week there.
To count, these payments must be made while you're working full-time in an eligible job. "Full-time," according to the final regulations issued by the Department of Education, means an annual average of 30 hours per week or the standard for full-time used by the employer, whichever is greater. For people working part-time at two or more qualifying jobs, "full-time" means an annual average of 30 hours across all jobs held. In professions such as teaching, annual contracts that include at least eight months of full-time work will be treated as the equivalent of a full year's employment. If you meet all the criteria, the earliest your remaining debt could be forgiven is October 2017.
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