I have been looking at REPAYE: https://studentaid.ed.gov/sa/sites/default/files/income-driven-repayment-q-and-a.pdf
Basically, it looks like interest is still going to make its way onto the principal since only half of the unpaid interest is forgiven. I feel that this is still a crappy program, and it works out smarter in the long run to pay off interest each month on a good refi and not allow any interest to be added to the principal. Does that sound right? I want to make sure I'm not missing some benefit to the REPAYE, because it doesn't seem that good if $$$ is still gonna be added onto the principal. The government still wants to make money off of us by making us feel good about paying a low rate during residency and still letting our loans balloon.
Basically, it looks like interest is still going to make its way onto the principal since only half of the unpaid interest is forgiven. I feel that this is still a crappy program, and it works out smarter in the long run to pay off interest each month on a good refi and not allow any interest to be added to the principal. Does that sound right? I want to make sure I'm not missing some benefit to the REPAYE, because it doesn't seem that good if $$$ is still gonna be added onto the principal. The government still wants to make money off of us by making us feel good about paying a low rate during residency and still letting our loans balloon.
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