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View Diary: Student loan debt will exceed $1 trillion this year (123 comments)

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  •  Folks, look into IBR (0+ / 0-)

    With public jobs or community service, your debt is forgiven after 10 years. Totally forgiven.

    In the meantime, your monthly payment is scaled to your salary at VERY reasonable rates. I wish I had this when I started paying 15 years ago. I'm a public employee and would have been done 5 years ago. Now it makes no sense for me to get on the plan since I only have 10 years to go.

    Look into IBR, the sorts of plans many here are discussing ALREADY exist by law.

    There are two kinds of people in this world. The kind who divide the world into two kinds of people, and the kind who don't.

    by upstate NY on Wed Oct 19, 2011 at 07:43:27 PM PDT

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