If its the SAVE program, it looks better than REPAYE. Lower payments, and from what I can see, they don’t let interest pile up beyond the amount of your payment, which is a big deal. Of course, that still means you can make payments for 20-25 years and not even touch the principal and eat the IRS bill when it is forgiven. But it’s better than eating the significantly larger bill with 20-25 years of interest.
Truly fucked how student loans and education works in the US. Just idiocy and cruelty. The schools should be nationalized and tuition made free. Fuck private education and fuck the government for incentivizing the mess they’ve made.
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If its the SAVE program, it looks better than REPAYE. Lower payments, and from what I can see, they don’t let interest pile up beyond the amount of your payment, which is a big deal. Of course, that still means you can make payments for 20-25 years and not even touch the principal and eat the IRS bill when it is forgiven. But it’s better than eating the significantly larger bill with 20-25 years of interest.
Truly fucked how student loans and education works in the US. Just idiocy and cruelty. The schools should be nationalized and tuition made free. Fuck private education and fuck the government for incentivizing the mess they’ve made.