With Public Service Forgiveness, you go on either the Income Based or Income Contingent repayment plan for 10 yrs. The balance, if any, after 10 years is forgiven, no matter how large it is.
It's different than the $10500 available to teachers.
OP bandito74, i too am not one to pass judgement, as I have NOT had a perfect life, and too many act as though they are without fault nor blemish,nor do your droppings smell like Febreze Fresh Scent.. Not just here. Sometimes. Its gotten better......
snowpuppy, Im on ICR when the paperwork officializes. I too thought the Public Service Forgiveness was something you could only enroll in IF you were a Teacher, or some kind of student doing Humanitarian work?
I DO know Teachers have it made in regards to SL help. What is this "Public Service Forgiveness" program, arent only certain people eligible?
OP.... if you get rich you can pay it off in one shot, or pay MORE than the minimum. Im middle age and thats what I want to do, as we DONT live forever. 25 years from the date we begin payment is ICR, and if you change ICR to IBR it resets it tso if you were ICRing it makes no difference.
As an aside.. One of every 6 posts in SL forum seems to get a reply.