So in thirteen age they may end up with No forgiveness and due $400K+ however for their funds
Op here. I’m sure the way it operates, it functions like this: $220,000 debt having a 6% interest rate accruing everyday as well as the conclusion from year to year the unpaid attract becomes placed into the principal. Whenever we make $0 money for as long we are required to shell out $0 attract will just continue to accrue up until oneday (maybe) they say at this point you have to pay X a month or it stays $0 up until forgiveness.
When you are creating PSLF it does be forgiven for the ten years with interest when you have head finance and you can spend your debts each month when you’re working in a public service business.
OP states they are into the a living built cost package. That it board appears to be incapable of see that also present