I went to college for art and decided to pursue it further and (mistakenly) attended an expensive graduate school. I currently owe a little over $100,000 in student loan debt. There are minimal opportunities in my field (obviously), and when there are, the pay is garbage. I'm making just over 30K a year. The only silver lining is that my loans are all government and so I'm on an IBR plan. Only 23 years to go -_-
I heard horror stories of people on FSLA plans who paid more per month than what they owed, and so they were disqualified for the 10 year forgiveness plan.
My question is, if I really decided to buckle down and pay as maximimum (so this would be MUCH more than my monthly payment) would I be disqualified from the 25 year forgiveness plan? Is it possible to pay more, and keep the IBR plan/25 year forgiveness?
Is it even worth it?
Livin' on a loan prayer