Labrat2PA Posted November 17, 2015 Share Posted November 17, 2015 Now that I have an official acceptance (wooooo!) its time to start worrying about paying/eventual loan repayment. I have the unfortunate situation of being about 50K in debt from undergrad. 35k federal loans and 15K private. Luckily my program is relatively cheap comparatively to most other schools, I should be about another 80k in the hole including my cost of living for the next 2 years. This makes my grand total ball parked around 130K. For those who have or are doing the minimum repayment option in hopes of having their loans forgiven after 10 years, do you know if this applies lump sum to your other federal loans from undergrad as well? (Yes I know this dosent apply to the private loan portion). Link to comment Share on other sites More sharing options...
TeacherPA Posted November 17, 2015 Share Posted November 17, 2015 I am wondering kind of the same thing... I am also curious if anyone did the National Health Service Corps Scholarship or Loan Repayment Programs... Link to comment Share on other sites More sharing options...
MT2PA Posted November 19, 2015 Share Posted November 19, 2015 Check out studentloan.gov There's a repayment calculator and if you either log into your account or accurately pick the loans you have/will have (stafford, PLUS, undergrad) it will tell you what qualifies for which repayment plan (i.e. which do and do not count for the loan forgiveness). Keep in mind, I think there are stipulations for that 10 yr forgiveness - like you have to work in nonprofit and be making lower income than average or something - it's not for everyone. Link to comment Share on other sites More sharing options...
Labrat2PA Posted November 25, 2015 Author Share Posted November 25, 2015 Ive looked on there, I havent found anything that more or less says "under grad loans + Grad loans = Total loans" and that lump of total loans is applicable. I know someone on this forum was talking about paying the monthly minimum, and gunning for forgiveness. Link to comment Share on other sites More sharing options...
knionir Posted December 4, 2015 Share Posted December 4, 2015 Thanks for sharing your experience. I have little knowledge about loan payment and repayment. Guys here teacher PA given a better suggestion. You can follow it or if you wanted to know more then let me know. I'm just researching about your problem. If I found then update you. Thanks. Link to comment Share on other sites More sharing options...
Jaclyne Posted January 26, 2016 Share Posted January 26, 2016 If you would like to get a free consultation I can help you see if you qualify for new income based and if you work for a non profit organization you my qualify for the public service loa forgiveness. You can request to emai me by responding to this forum Link to comment Share on other sites More sharing options...
GreyhoundGirl Posted January 27, 2016 Share Posted January 27, 2016 I'm sure you are all too smart to fall for this, but when I asked Jaclyne a question, she answered it (wrongly compared to other advice I got) and tried to sell me a service which is 100% free from the government. Link to comment Share on other sites More sharing options...
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