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I can't seem to get a clear answer on this even when speaking to customer service reps at my loan servicer, FedLoan. I took out my very first federal student loans for graduate school that disbursed in January, 2010 - I've had no prior federal student loans before that date. I'll need continue to borrow more federal student loans for at least a few more years for medical school. Upon completion, I want to do PAYE with the aim of going for PSLF. Further, here is language on the studentaid.ed.gov website which confuses me: "to qualify for the PAYE Plan you must also be a new borrower as of Oct. 1, 2007, and must have received a disbursement of a Direct Loan on or after Oct. 1, 2011. You're a new borrower if you had no outstanding balance on a Direct Loan or FFEL Program loan when you received a Direct Loan or FFEL Program loan on or after Oct. 1, 2007."
Are my loans eligible for PAYE?
I can't seem to get a clear answer on this even when speaking to customer service reps at my loan servicer, FedLoan. I took out my very first federal student loans for graduate school that disbursed in January, 2010 - I've had no prior federal student loans before that date. I'll need continue to borrow more federal student loans for at least a few more years for medical school. Upon completion, I want to do PAYE with the aim of going for PSLF. Further, here is language on the studentaid.ed.gov website which confuses me: "to qualify for the PAYE Plan you must also be a new borrower as of Oct. 1, 2007, and must have received a disbursement of a Direct Loan on or after Oct. 1, 2011. You're a new borrower if you had no outstanding balance on a Direct Loan or FFEL Program loan when you received a Direct Loan or FFEL Program loan on or after Oct. 1, 2007."
Are my loans eligible for PAYE?
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