Question one: I'm two years out of law school with six figures in debt. Married and spouse has no debt and will be a student for two more years (therefore minimal income). I am earning 75k now but will be having a baby in a few weeks and that may change. My plan is to stay in IBR/PAYE while saving money to pay the tax bomb. Is that a good plan? How do I check whether i am on IBR/PAYE right now and which one is better?
Question 2: My mom took out a parent PLUS loan that is 50k+ now that I want to pay off. What's my best strategy on that? FYI, she kept forbearing it and therefore the interest kept building.
efftheseloans91 karma
Question one: I'm two years out of law school with six figures in debt. Married and spouse has no debt and will be a student for two more years (therefore minimal income). I am earning 75k now but will be having a baby in a few weeks and that may change. My plan is to stay in IBR/PAYE while saving money to pay the tax bomb. Is that a good plan? How do I check whether i am on IBR/PAYE right now and which one is better? Question 2: My mom took out a parent PLUS loan that is 50k+ now that I want to pay off. What's my best strategy on that? FYI, she kept forbearing it and therefore the interest kept building.
View HistoryShare Link