student loan happiness!!!
ok, so i’m really excited about something i’ve just learned and i thought i’d pass along the info.
Apparently, when you sign up for income-based payments on your student loans, when you pay for 25 years, no matter what you still owe.. your loans are forgiven at that point!!
what this means??
That i won’t end up with $400/month loan payments.. and I won’t be paying until i’m 104 years old, as i had originally planned.. =)
ok that made my night…
(and yes, i have enough student loan debt, to be happy that it’ll be forgiven after paying on it for 25 years.. hey that’s what 6 years at a private university will get you.. .. bachelors + masters + LOADS of Loans!)
Sweet!
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Income based payments? How do I get more information on that?
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Yay!
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I FEEL you. Between myself and hubby, we’re in for more than 175 grand. …And he’s not done with school. Gak! Do you know if Sallie Mae offers this??
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yay!!
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Yep. Jordan signed up for this and they shredded his paperwork because he hadn’t done something else. They’re hard to figure out, Department of Education, so good luck!
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Awesome!! Student loans suck. I’ll be paying on mine till I’m 104.
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Been there done the loan thing… over $100,000 worth at a private university! But mine will be paid off before 25 years is up.
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