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re: 49 year old musician gets 250k in student loans forgiven. Plans to take sabbatical
Posted on 4/21/24 at 8:59 am to Dadren
Posted on 4/21/24 at 8:59 am to Dadren
Psfl required 120 payments over 10 years at a qualified nonprofit or government agency. Sounds like he got some one time adjustment thing.
1
Posted on 4/21/24 at 9:07 am to FreddieMac
quote:
Psfl required 120 payments over 10 years at a qualified nonprofit or government agency. Sounds like he got some one time adjustment thing.
Yeah sounds like they’re basically applying the new IBR plans retroactively and forgiving loans with 25 years of qualifying payments.
In fairness, he’s probably made some progress, but the article says he basically put them in forbearance every opportunity he could so the interest accelerated upwards.
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