Welcome guest, please Login or Register

   

What happens to interest if I do not remain in public service job for 10 years?

Total Posts: 1

Joined 2011-09-15

PM

 

Heather,

Thank you for this valuable service you are providing.  I have learned so much from your webinars and reading your forum and blog. 

One question I still have is what will happen if I consolidate my loans, begin paying my loans through IBR, and am on my way to PSLF after 10 years, but 5 years in, I decide to take a job in the private sector.  Will I take a major hit with the interest that will be accruing during those 5 years if I currently have about $65,000 in student loans?  or what will happen when I no longer qualify for PSLF? 

Thanks again for your help and please let me know if you need additional information from me to adequately answer this question. 

-Brent

Avatar
Rank
Rank
Rank

Total Posts: 604

Joined 2011-03-30

PM

 

Thanks, Brent!

How cool is it that I have a little video answer to this exact question?  Check it out: http://askheatherjarvis.com/blog/surprising-fact-about-ibr

Let me know if you have any follow up questions.

PS Would you please Like Me on Facebook if you haven’t already?  It helps me in my goal to secure funding for my work.  Thanks!

Total Posts: 1

Joined 2011-09-15

PM

 

Thanks Heather.  I appreciate it.

Rank
Rank

Total Posts: 4

Joined 2011-11-12

PM

 

The interest will increase.