1 / 34

Public Service Loan Forgiveness and Income-Based Repayment

Public Service Loan Forgiveness and Income-Based Repayment. March 2011. Five Steps to Forgiveness. Make the right kind of payments. on the right kind of loan. while you are in the right kind of job. repeat 120 times. p rove it. Career Public Defender $100,000 Eligible Debt.

tala
Download Presentation

Public Service Loan Forgiveness and Income-Based Repayment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Public Service Loan ForgivenessandIncome-Based Repayment March 2011

  2. Five Steps to Forgiveness

  3. Make the right kind of payments

  4. on the right kind of loan

  5. while you are in the right kind of job

  6. repeat 120 times

  7. prove it

  8. Career Public Defender $100,000 Eligible Debt

  9. The right kind of job full-time paid work

  10. 501(c)(3) • Non-profit • Government • AmeriCorps Position • Peace Corps • Public Service Organization

  11. Government

  12. Full-time 30 hours

  13. the right kind of job ?

  14. The right kind of loan Federal Direct Loans ONLY

  15. www.nslds.ed.gov

  16. Eligible Loans for Public Service Loan Forgiveness ONLY FEDERAL DIRECT

  17. FFEL loans MUSTbe consolidated into federal direct http://loanconsolidation.ed.gov/

  18. http://loanconsolidation.ed.gov/

  19. www.studentloanborrowerassistance.org

  20. the right kind of loan ?

  21. The right kind of payments Income-Based Repayment

  22. IBR Monthly Payment Amount

  23. Income-Based Repayment Owe more than you earn?

  24. www.finaid.org/calculators/ibr.phtml

  25. Income-Based Repayment Adjusted Gross Income

  26. Individual or married filing separately tax filing status

  27. Married filing jointly

  28. www.gladvisor.com

  29. Repeat 120 times on time payments once a month for 10-years

  30. Prove it apply for forgiveness

  31. Remember these 5 steps:1. Make the right kind of payments,2. on the right kind of loans,3. while you are in the right kind of job. 4. Repeat 120 times.5. Prove it.

More Related