Comments on: Student Loan Forgiveness Guide http://www.moneyunder30.com/student-loan-forgiveness-guide Personal Finance for the Young and Ambitious Sat, 21 Nov 2009 04:23:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: robyn http://www.moneyunder30.com/student-loan-forgiveness-guide/comment-page-1#comment-1689 robyn Tue, 26 Aug 2008 16:18:14 +0000 http://www.moneyunder30.com/student-loan-forgiveness-guide#comment-1689 Great roundup! To add some info on Phillip's comment above-- the website www.ibrinfo.com contains information about both income-based repayment and public service loan forgiveness. The legislation has passed, but Congress is still in the rulemaking process, so look out for more changes. www.ibrinfo.com also contains an interactive calculator you can use to see if you qualify! Great roundup! To add some info on Phillip’s comment above– the website http://www.ibrinfo.com contains information about both income-based repayment and public service loan forgiveness. The legislation has passed, but Congress is still in the rulemaking process, so look out for more changes. http://www.ibrinfo.com also contains an interactive calculator you can use to see if you qualify!

]]> By: Phillip http://www.moneyunder30.com/student-loan-forgiveness-guide/comment-page-1#comment-1688 Phillip Tue, 26 Aug 2008 03:24:19 +0000 http://www.moneyunder30.com/student-loan-forgiveness-guide#comment-1688 There is another loan forgiveness program for those in public service. It involves 10 years of payment and after 10 years anything left is waived. The monthly payment is based upon a percentage of your income. However there are two methods used to calculate the monthly payment required. To the extent of my knowledge, one is in effect now (Income-contingent) and the other method of calculating your monthly obligation(Income-based) does not come into play until 2009. http://www.finaid.org/loans/publicservice.phtml There is another loan forgiveness program for those in public service. It involves 10 years of payment and after 10 years anything left is waived. The monthly payment is based upon a percentage of your income. However there are two methods used to calculate the monthly payment required. To the extent of my knowledge, one is in effect now (Income-contingent) and the other method of calculating your monthly obligation(Income-based) does not come into play until 2009.

http://www.finaid.org/loans/publicservice.phtml

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