federal loans forgiven after 20 years of qualifying payments [and 10 years after qualifying public service] has been the "deal" since at least 2010. except the department of education and the loan servicers have completely shit the bed at actually tracking and forgiving them when someone submits all the correct paperwork up until, supposedly, this exact moment.
i understand that, i was clarifying that the interviewee was being very stupid (especially given that this "forgiveness" has been part of the status quo).
you don't have to pay it all back. you pay for 20 or 25 years (less if you are in a qualify public sector), and the remainder is forgiven.
this is good.
40 year olds look at a 20-25 year repayment plan
federal loans forgiven after 20 years of qualifying payments [and 10 years after qualifying public service] has been the "deal" since at least 2010. except the department of education and the loan servicers have completely shit the bed at actually tracking and forgiving them when someone submits all the correct paperwork up until, supposedly, this exact moment.
i understand that, i was clarifying that the interviewee was being very stupid (especially given that this "forgiveness" has been part of the status quo).