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re: 49 year old musician gets 250k in student loans forgiven. Plans to take sabbatical
Posted on 4/22/24 at 11:33 am to Dadren
Posted on 4/22/24 at 11:33 am to Dadren
quote:
Yeah sounds like they’re basically applying the new IBR plans retroactively and forgiving loans with 25 years of qualifying payments.
That sounds right. A while back during the Trump administration the DOE expanded the definition of qualifying payments. So if you made payments on a student loan previous to PSFL they counted toward your 10 years, not just 10 years of payments in the plan.
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