Pay As You Earn is even hotter than Income-Based Repayment
President Obama’s new Pay As You Earn (PAYE) repayment option is yummy. Thank you, Mr. President! Except, um, lots of us don’t qualify for PAYE and will have to settle for its somewhat less attractive (but still good looking) older sibling--Income-Based Repayment (IBR). Here’s a short list of some of the similarities and differences between Pay As You Earn and Income-Based Repayment: Only “new borrowers” are eligible to choose Pay As You Earn Only federal Direct Loans are eligible for repayment under Pay…
Does international employment qualify for Public Service Loan Forgiveness?
Student loan borrowers want to know: "does international employment qualify for Public Service Loan Forgiveness?" As with most questions, the answer is a resounding "it depends". Nothing in the statute or regulations says that a student loan borrower must sit at a desk located in the United States of America, but if you are working abroad and looking for Public Service Loan Forgiveness, you'll need to work for the U.S. Federal Government or a U.S. 501(c)(3). Here's the deal about which international jobs qualify and which don't:…
