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PAYE workaround
| wine hall | 06/19/13 |
| Fishy stead | 06/20/13 |
| wine hall | 06/20/13 |
| Fishy stead | 06/20/13 |
| House-broken sapphire school multi-billionaire | 06/20/13 |
| salmon church building electric furnace | 06/20/13 |
| Fishy stead | 06/20/13 |
| wine hall | 06/20/13 |
Poast new message in this thread
Date: June 19th, 2013 11:31 PM Author: wine hall I missed PAYE by a few months. I have $230K in student loans. I think I'm going to take a post-bac class and take out a few grand in undergrad loans (low interest rate relative to graduate loans - 3.4%) and this way become eligible for PAYE.
Any reason this won't work? Shrewd? |
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Date: June 20th, 2013 12:06 AM Author: Fishy stead No. There are 2 parts to being eligible. The first is having loans made after a certain date. You can do this by simply consolidating--no need to take classes. The 2nd part is the hard part, it's that you did not have outstanding loans as of a certain date in 2007. A possible workaround is if you did a consolidation before that date in 2007. (http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23434209) |
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Date: June 20th, 2013 7:34 AM Author: wine hall Really? Just consolidating after October 2011 counts as taking out a loan?
Are you sure? |
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Date: June 20th, 2013 8:05 AM Author: Fishy stead 100% sure. (http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23435394) |
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Date: June 20th, 2013 8:45 AM Author: House-broken sapphire school multi-billionaire u should still do the post bacc tho. free money u know (http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23435444) |
Date: June 20th, 2013 8:57 AM Author: salmon church building electric furnace PAYE is only good if you never plan on making much while having massive student loans, correct? (http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23435473) |
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Date: June 20th, 2013 9:06 AM Author: Fishy stead Correct on massive loans, but the first part depends what you mean by much. 100k-150k salary can still easily benefit. (http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23435498) |
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Date: June 20th, 2013 9:11 AM Author: wine hall I have 230k and NY biglaw. It stil makes sense given the capitalization limit. (http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23435501) |