Student loan income % payoff
February 15, 2014 4:00 PM Subscribe
(USA) I heard something about student loan payoffs based on a % of your income,and after 12 (?) years anything left is forgiven. Is this real and how would one get this?
posted by Jacen to Work & Money (5 answers total) 13 users marked this as a favorite
School was finished ~3 years ago. Income went up, (4-5) loans got paid on, and now we might want to switch to a very low payment system since income is going down to sporadic/freelance/lucky levels. So how does this work, what are our needed qualifications, what limits are there, etc? Use small words since we don't really... finance maths/govtalk :)