Student Loans

[greenmonkey51]

Sure someone has some experience with this here. I found out about the government student loan forgiveness program where basically if you work for a government entity for 10 years and make all you payments your remaining loans will be paid off. I'm on the 10 year plan with my loans right now, so I would have to switch to the income based repayment plan which should reduce my payment and extend the timeline to 20 years. I'm two years in right now, and work for a state agency and basically plan on working for some state agency for the foreseeable future. I'm looking for some reason I shouldn't switch over. Anyone know anything about this?

 

[BIGREDIOWAN]

Yeah, I tried this, I make too much money so they told me to pound sand. It also sounds like a income based repayment plan on some level too if you go through them to refinance your loans.