Public Student Loan Forgiveness?

[LeviF]

PSLF is built into the fed loan agreement. Taking advantage of something that the G freely offered when you signed your note isn’t exactly robbing anyone. It’s an alternative way of paying your loan back, 10 years in public service. 

Of course it might help if the title of the thread was correct 😂😂😂

[Johnny Hammersticks]

38 minutes ago, LeviF said:

PSLF is built into the fed loan agreement. Taking advantage of something that the G freely offered when you signed your note isn’t exactly robbing anyone. It’s an alternative way of paying your loan back, 10 years in public service. 

Of course it might help if the title of the thread was correct 😂😂😂

Public Service Loan Forgiveness…sorry jerk 😉😅

[Simon]

4 hours ago, Johnny Hammersticks said:

Very curious to see Westhole’s response to that post.  

 

Since I'm sure you're waiting with abated breath, I'll spare you the suspense and suggest it might be quite a while on that response. 

 

 

[Augie]

2 hours ago, Johnny Hammersticks said:

Public Service Loan Forgiveness…sorry jerk 😉😅

 

Forgive me, for I’m not really familiar with all this. Did I read you have to work as some type of “public servant” (that is a terrible term IMO, so please let me know if something else is more palatable) for a period of years?  If that is the case, hell ya! You earned that! 

[LeviF]

2 minutes ago, Augie said:

 

Forgive me, for I’m not really familiar with all this. Did I read you have to work as some type of “public servant” (that is a terrible term IMO, so please let me know if something else is more palatable) for a period of years?  If that is the case, hell ya! You earned that! 

Government or NFP work

[Johnny Hammersticks]

13 minutes ago, Augie said:

 

Forgive me, for I’m not really familiar with all this. Did I read you have to work as some type of “public servant” (that is a terrible term IMO, so please let me know if something else is more palatable) for a period of years?  If that is the case, hell ya! You earned that! 

Yes.  Ra Ra Hammersticks!!

[Johnny Hammersticks]

So how bout those Sabres?  

[muppy]

38 minutes ago, Johnny Hammersticks said:

So how bout those Sabres?  

pretty danged good wooooooooot!

[Augie]

59 minutes ago, Johnny Hammersticks said:

Yes.  Ra Ra Hammersticks!!

 

Damn! When I recently turned 62 in my county in Georgia we no longer had to pay the school board part of property taxes. Our bill dropped by 2/3, and I’m not apologizing for it.

 

[ExiledInIllinois]

2 hours ago, Augie said:

 

Forgive me, for I’m not really familiar with all this. Did I read you have to work as some type of “public servant” (that is a terrible term IMO, so please let me know if something else is more palatable) for a period of years?  If that is the case, hell ya! You earned that! 

That's how my wife got her MLIS (Masters Library & Information Science) degree (U of I) paid for. This was like over 25 years ago... She had to agree to stay working in Illinois for a certain number of years. 

[Johnny Hammersticks]

11 hours ago, ExiledInIllinois said:

That's how my wife got her MLIS (Masters Library & Information Science) degree (U of I) paid for. This was like over 25 years ago... She had to agree to stay working in Illinois for a certain number of years. 

Kind of like Northern Exposure when Joel Fleichman had to work in Alaska for 10 years to pay off his medical school bills.  I did 3 years in Fairbanks!  I should get a bonus!  😂 

[Just Jack]

14 hours ago, ExiledInIllinois said:

That's how my wife got her MLIS (Masters Library & Information Science) degree (U of I) paid for. This was like over 25 years ago... She had to agree to stay working in Illinois for a certain number of years. 

 

New York has a similar program.

 

Tuition-Free Degree Program: The Excelsior Scholarship (ny.gov)

[Johnny Hammersticks]

Here in Vermont you can go to school to get your nursing degree for free.  Such a shortage.

[ExiledInIllinois]

6 minutes ago, Johnny Hammersticks said:

Here in Vermont you can go to school to get your nursing degree for free.  Such a shortage.

Who wants to be a nurse? Such a grind. Give the medical degree away free, now we are in business... That's why healthcare is so expensive... The damn doctors.  They need a sweet return on their medical education expenses...

 

😏

 

[Johnny Hammersticks]

2 hours ago, ExiledInIllinois said:

Who wants to be a nurse? Such a grind. Give the medical degree away free, now we are in business... That's why healthcare is so expensive... The damn doctors.  They need a sweet return on their medical education expenses...

 

😏

 

I want to dunk your head in a toilet and give you a swirly so bad.  Nerd.

[ExiledInIllinois]

1 hour ago, Johnny Hammersticks said:

I want to dunk your head in a toilet and give you a swirly so bad.  Nerd.

It's the truth. You can make as much being a lock operator. 

[EmotionallyUnstable]

My wife is in an interesting spot. Similar to @Johnny Hammersticks, she is a school psych (not a PhD, just a MS) and this is her 8th year in a public school here in NY. Obviously we are awaiting the supreme court’s decision on the 10k she is eligible for in relief via Biden’s plan. 

 

If it goes through, we will pay off the remaining balance no matter what.

 

Although, I am assuming it won’t, and she’ll be on the hook for the full remaining balance (around 16k). We are contemplating what it’d look like to pay outright a large sum and be done with it vs. paying on the loans for two more years while incruing interest and seeing is the PSLF would wipe out the remainder, ultimately saving us money in the long run. We’ve run a few amortization schedules in the past, and it seems to come down to how fast she could get approved and the loans forgiven. 
 

We’ll see! She’s contemplated returning to school for her PhD and looking into private practice. A few of her old classmates at her graduate program went on to do that. She currently works with one of the most needy inner city populations. Her job is difficult. She’s a warrior. Either way I am happy for her, and us, to be done with that unnecessary burden.  I know she has more than earned it. 

[Johnny Hammersticks]

3 minutes ago, EmotionallyUnstable said:

My wife is in an interesting spot. Similar to @Johnny Hammersticks, she is a school psych (not a PhD, just a MS) and this is her 8th year in a public school here in NY. Obviously we are awaiting the supreme court’s decision on the 10k she is eligible for in relief via Biden’s plan. 

 

If it goes through, we will pay off the remaining balance no matter what.

 

Although, I am assuming it won’t, and she’ll be on the hook for the full remaining balance (around 16k). We are contemplating what it’d look like to pay outright a large sum and be done with it vs. paying on the loans for two more years while incruing interest and seeing is the PSLF would wipe out the remainder, ultimately saving us money in the long run. We’ve run a few amortization schedules in the past, and it seems to come down to how fast she could get approved and the loans forgiven. 
 

We’ll see! She’s contemplated returning to school for her PhD and looking into private practice. A few of her old classmates at her graduate program went on to do that. She currently works with one of the most needy inner city populations. Her job is difficult. She’s a warrior. Either way I am happy for her, and us, to be done with that unnecessary burden.  I know she has more than earned it. 

DM me if you have any questions about PSLF.  Now is the time to do it.  I can at least get you all started.  Not a very complicated process, especially if your wife has only had one employer.

 

PS: Don’t count on the Biden student loan relief legislation to come through.

[LeviF]

10 hours ago, EmotionallyUnstable said:

My wife is in an interesting spot. Similar to @Johnny Hammersticks, she is a school psych (not a PhD, just a MS) and this is her 8th year in a public school here in NY. Obviously we are awaiting the supreme court’s decision on the 10k she is eligible for in relief via Biden’s plan. 

 

If it goes through, we will pay off the remaining balance no matter what.

 

Although, I am assuming it won’t, and she’ll be on the hook for the full remaining balance (around 16k). We are contemplating what it’d look like to pay outright a large sum and be done with it vs. paying on the loans for two more years while incruing interest and seeing is the PSLF would wipe out the remainder, ultimately saving us money in the long run. We’ve run a few amortization schedules in the past, and it seems to come down to how fast she could get approved and the loans forgiven. 
 

We’ll see! She’s contemplated returning to school for her PhD and looking into private practice. A few of her old classmates at her graduate program went on to do that. She currently works with one of the most needy inner city populations. Her job is difficult. She’s a warrior. Either way I am happy for her, and us, to be done with that unnecessary burden.  I know she has more than earned it. 

 

Yeah you can apply now so all the payments she's already made are certified or recognized or whatever so it's a little more seamless at the 10 year mark.

[teef]

11 hours ago, EmotionallyUnstable said:

My wife is in an interesting spot. Similar to @Johnny Hammersticks, she is a school psych (not a PhD, just a MS) and this is her 8th year in a public school here in NY. Obviously we are awaiting the supreme court’s decision on the 10k she is eligible for in relief via Biden’s plan. 

 

If it goes through, we will pay off the remaining balance no matter what.

 

Although, I am assuming it won’t, and she’ll be on the hook for the full remaining balance (around 16k). We are contemplating what it’d look like to pay outright a large sum and be done with it vs. paying on the loans for two more years while incruing interest and seeing is the PSLF would wipe out the remainder, ultimately saving us money in the long run. We’ve run a few amortization schedules in the past, and it seems to come down to how fast she could get approved and the loans forgiven. 
 

We’ll see! She’s contemplated returning to school for her PhD and looking into private practice. A few of her old classmates at her graduate program went on to do that. She currently works with one of the most needy inner city populations. Her job is difficult. She’s a warrior. Either way I am happy for her, and us, to be done with that unnecessary burden.  I know she has more than earned it. 

my wife is a school psych in a similar situation.  she recently had all of her remaining loans forgiven i think after paying on time for 10 years.  i'm sure hammersticks can walk you through this better than anyone, but all i know is that my wife is 37 with no remaining loans.  on top of that, she always let me know how she's retiring at 55 when she has her 30 years in.  that one bugs me.