My daughter is a Phd candidate with approximately 3 years to go in her program. She has around 160k in federal student loan debt(DVM, Pathology, Phd). We want to know if she should go into IBR right now to take advantage of the 25 year forgiveness provision and the no capitalization provision. Her prospects of making an income of enough to cover the 10 year payment even after several years of work is quite slim. She may want to work in non-profit (conservation), which would mean further curtailment of income.
Some of the representatives of: GreatLakes and AES say she should stay in deferment while she’s in school.
Please, and ideas?