IBR for JAG reserves while working private sector? Forum
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- Posts: 125
- Joined: Sun Oct 12, 2008 3:37 pm
IBR for JAG reserves while working private sector?
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?
- joemoviebuff
- Posts: 788
- Joined: Wed Feb 10, 2010 12:51 am
Re: IBR for JAG reserves while working private sector?
No, unless you're working 30 hours a week there.
http://ibrinfo.org/what.vp.html#pslf
http://ibrinfo.org/what.vp.html#pslf
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.