Hi,

I have read on studentgov.ed.gov that if I am working full-time at a non-profit, and get direct plus loans while going back to graduate school, then I can deny in-school deferment and make qualifying payments under IBR toward PSLF for both my “old” loans that I have already been making payments on, and my “new” loans that I will be acquiring whilst obtaining another degree. 

I’m confused with how these “new loans” will be handled….

Will they be lumped into my old loans and forgiven at the same time? In other words, if I have been paying on my existing loans for say, 3 years, and continue paying on them for another 2 years while obtaining a masters degree.  Will all of my debt, old and new, be forgiven after another 5 years of public service?

Hopefully I explained that well enough.  Thanks for any responses.

Josh

I’m in a different situation but it boils down to a similar question—if some loans have received 120 payments before others, are (1) they all forgiven at the same time anyway (seems unlikely), (2) eligible for forgiveness on the loans that have received 120 payments only, and then later once the others have received 120 payments they too can be forgiven (a second round of forgiveness), or (3) do I have to wait until ALL of my loans have received 120 payments and do one forgiveness application on all of them—even though this will mean some loans receive far more than 120 payments?

Thanks for any assistance!