10 year student loan forgiveness plan

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I just still feel like there is a catch.

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Taxes will go up and/or national debt will rise.

You’re welcome.

-signed,

College grad who busted arse to pay off his and his wife’s loans.

I know more than half a dozen people who were in income based repayment plans, hit the required 120 payments, and were denied despite having worked at public sector or teaching jobs that were allegedly qualifying, yet were denied forgiveness. There is little/no info available on appealing a denial, with no rationale given. The first ppl eligible started hitting the payment horizon at the end of 2017. To date, less than 1% of those who have applied for loan forgiveness through the public service forgiveness program have been approved.

It's so effed up, there's a class action lawsuit pending:
LINK. I'm talking nurses at public hospitals, teachers at low income schools, etc. People who clearly fall into the categories described by the loan forgiveness program, who made the qualifying payments, who certified their employment, but were denied anyway. It is absolutely a mess to tell tax paying, hard working citizens one thing for a decade, then mis-manage or otherwise deny people who have been participating in good faith.

Signed, a person who paid off all loans but doesn't believe the gov't should be in the bait & switch business

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I’m six years in. It’s real. I’ve submitted the annual recertification forms every year and they come back and tell me I’m good so I’m going to be pissed if it’s different at the end.

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Again, don't be shocked when you jump through all of the hoops and still get rejected. This is happening to thousands of people right now. I wouldn't bank on it....definitely have a plan B.

I came here to tell all you weasels trying to get out of paying what you rightfully owe frick you. I paid for my shite so you should be a man and pay for yours.

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I know more than half a dozen people who were in income based repayment plans, hit the required 120 payments, and were denied despite having worked at public sector or teaching jobs that were allegedly qualifying, yet were denied forgiveness.

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And this is likely not true. There as when an article a while back about it the vast majority who were denied either were not actually eligible quite yet since the first cohorts are finally reaching that 10 years. correct repayment Although I believe some lenders were at lest partially to blame by not informing them.

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And this is likely not true. There as when an article a while back about it the vast majority who were denied either were not actually eligible quite yet since the first cohorts are finally reaching that 10 years. correct repayment Although I believe some lenders were at lest partially to blame by not informing them.

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No, I can actually give you names. I wish this wasn’t true. I work in a sector that qualifies, among ppl with multi advanced degrees. Many were in income based repayment before that requirement was even made clear.

I can't see why people want to risk being in debt for that long and not 100% sure it will even be forgiven. Just nut up and pay it off by working hard and not be lazy.

why would you pay your wives student loans? pathetic dude

My company pays $150 off my principal per month and that is actually fricking huge when it comes to shortening the life and total cost of my student loans.

And they gave me $16k up front to pay for tuition. All of this is for my MBA though.