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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 2:45 am to DaBeerz
Posted on 4/22/24 at 2:45 am to DaBeerz
quote:
Nope, Most doctors/midlevels are in private groups contracted at hospitals
It’s variable.
But I do know at least one doctor doing PsLF. He works for a state hospital (not in LA).
I also know a number of doctors that work for nonprofit healthcare systems and could partake (idk if they do).
0
Posted on 4/22/24 at 10:08 am to jafari rastaman
quote:
What did he study that cost so much money?
Nothing,
The guy probably borrowed only about $50k-$60k, the rest is interest. Taxpayers were probably only on the hook for the principle.
A $60,000 loan at 7% will be near $250,000 in about 20 years if it's not paid down.
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.
Posted on 4/22/24 at 11:43 am to Grievous Angel
This bitch gets his loans forgiven so he can frick around in India. But I can’t get my loans forgiven so I can pay for my son’s surgery. Sounds about right. .
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