Hi Heather,

        I am currently in dental school and will graduate with hundreds of thousands of $$$ in student loan debt. I will sign up for IBR once I graduate in 3 years. My question is…

Lets say I am enrolled in the IBR program, and God forbid something happens in Washington where the plan is repealed or removed. Would I still be eligible to continue on the plan and receive the loan forgiveness after the 20th year of repayment? My accountant friend said I don’t need to worry because I would be grandfathered in. However, just in case (cause we can’t predict the future), am I protected under the grandfather clause for the current IBR if something should happen to it in the future? (i.e. new president wants to get rid of it). Thank you in advance.

-Rich

Rich,

Sadly there is no absolute guarantee.  I can tell you, though, that changes have always been applied only prospectively, and if benefits were reduced for current borrowers, it would be unprecedented.  Check out my blog post about this stuff here: http://askheatherjarvis.com/blog/PSLF_is_secure

Yours,
Heather

PS I floss.  Um.  Pretty often.