$321,000 in MED SCHOOL DEBT!

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Published on July 21, 2018 by

Income Based Loan Repayment Programs : 1. IBR – Income Based Repayment – payment cap of 15% of discretionary income – loan will be forgiven in 20 years – tax bomb 2. PAYE – Pay As You Earn – payment cap of 10% of discretionary income – loan will be forgiven in 20 years – tax bomb 3. REPAYE – Revised Pay As You Earn – payments of 10% of discretionary income, NO CAP – will count spouse income no matter how you file your taxes – loan will be forgiven in 25 years – tax bomb – government will pay 50% of interest you don’t pay in the first 3 years

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