Hi all,

New to the forum and would like to pose a question and see if anyone could help me with some calculations.

My situation: 95K in loans @ 6.5% I have made ~ 50 qualifying payments towards PSLF - 70 more to qualify. I am currently on IBR @ ~ $350/month on my fellowship salary.

I am currently an attending and make ~185K a year and I think my recalculated IBR will likely be ~ 1000/month (I will know after applying in a few weeks with my new AGI).

If I am calculating it correctly, 70 X $1000 = $70,000 leaving about $25K in forgiveness. Of course with 70 more payments will take about 5.8 years to pay off and with interest growth, my loan will likely be closer to $130K and could I suppose that I am actually getting about 60K forgiven?

Instead of making $1000/month for the next 5.8 years and apply for PSLF (with the uncertainty), should I just aggressively pay off the loans as soon as possible? I would refinance of course to save some in interest capitalization.

Thanks for all the help! Happy to provide more information!

New to the forum and would like to pose a question and see if anyone could help me with some calculations.

My situation: 95K in loans @ 6.5% I have made ~ 50 qualifying payments towards PSLF - 70 more to qualify. I am currently on IBR @ ~ $350/month on my fellowship salary.

I am currently an attending and make ~185K a year and I think my recalculated IBR will likely be ~ 1000/month (I will know after applying in a few weeks with my new AGI).

If I am calculating it correctly, 70 X $1000 = $70,000 leaving about $25K in forgiveness. Of course with 70 more payments will take about 5.8 years to pay off and with interest growth, my loan will likely be closer to $130K and could I suppose that I am actually getting about 60K forgiven?

Instead of making $1000/month for the next 5.8 years and apply for PSLF (with the uncertainty), should I just aggressively pay off the loans as soon as possible? I would refinance of course to save some in interest capitalization.

Thanks for all the help! Happy to provide more information!

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