hello,
I am about to embark on this public service loan forgiveness journey.

I now have a FFEL consolidation loan through ACS at 7.25% (loan ammt $54K)
payments now $416 for another 20 years.

so this makes sense to me, to change to direct loan… I work at the University, and would like to pay only 10 more years.

I checked the online calculator on the direct loan site, and my payment may be $439 (my AGI $51500).
higher than now, but only 10 years.

so this makes sense right?

thanks for any advice,
Mel

Hey, Mel.  Sorry for the crazy delay, I missed some notifications this fall, and am now seeing messages I never read.  Anyway, because of the rules governing attorneys, I can’t give you personal advice, only general legal information.  As for Public Service Loan Forgiveness, it’s about making the right kind of payments (IBR), on the right kind of loans (Direct), while you are in the right kind of job (full-time, paid work for the government or a 501(c)(3) non profit.