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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 9:06 am to Dadren
Posted on 4/21/24 at 9:06 am to Dadren
quote:
Unless he was teaching in a school setting, he wasn’t on PSLF
The article specifically mentions he was on PSLF
He could be employed by a non-profit musical organization and still get PSLF
Posted on 4/21/24 at 9:19 am to SlowFlowPro
quote:
The article specifically mentions he was on PSLF
This is the only mention of PSLF that I saw, it’s a description of their process, not an explanation of what particular plan this guy was on.
quote:
He continued making those payments until the pandemic student-loan payment pause, at which point he and his wife started making a plan of action to tackle the larger debt once the pause ended. That led them to discover the Education Department's one-time account adjustment initiative, which allowed the department to evaluate borrowers' accounts and update payment progress toward forgiveness on income-driven repayment plans and Public Service Loan Forgiveness, including any payments made during a forbearance period.
There’s also this, which indicates he was a musician (or pretending to be one):
quote:
But he grew to realize that the only way he could make a significant dent in his student loans was by switching careers. Since he didn't want to do that because he loved working in music, he decided to keep his larger student loan in forbearance and begin paying off his smaller loan with a lower monthly payment.
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