How much can be forgiven under PSLF?

Depending on the payment plan selected, your forgiveness with PSLF would be up to $24,150.

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Also question is, can you make too much money for PAYE?

If you miss the recertification deadline — or you begin earning too much to qualify for PAYE — your payments will switch to the amount you’d pay under the standard plan. Any interest will also be capitalized, or added to your principal balance, at that point.

Regarding this, do PSLF payments have to be consecutive? Do I need to make consecutive payments to qualify for Public Service Loan Forgiveness (PSLF)? No. The 120 payments do not have to be consecutive payments. For example, if you have a period of employment with a nonqualifying employer, you won’t lose credit for prior qualifying payments you made.

In this manner, does my husband’s income affect student loan repayment?

If you have federal student loans and are enrolled in an income-driven repayment (IDR) plan, getting married can affect your payments. … The one exception is Revised Pay As You Earn (REPAYE). Even if you file your returns separately, REPAYE includes your spouse’s income in its calculation.

Is there a salary cap for Public Service Loan Forgiveness?

1. What are the Public Service Loan Forgiveness income limits? There are no income limits for the PSLF program.

What is considered full time for student loan forgiveness?

30 hours per week

What is the max income for income based repayment?

Just as there is no absolute income limit in IBR, there is no absolute limit on how much you can have forgiven. You can have $200,000 forgiven if that’s what you end up with at the loan forgiveness point.

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