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I found a 180 loophole to income-based repayment schemes

tl;dr Income is calculated post-401k contribution, so max yo...
Comical Pearly Stain Pocket Flask
  03/14/19
LJL at proles who have to repay loans.
appetizing son of senegal sound barrier
  03/14/19
Actually it's incredibly prestigious to let the government p...
Comical Pearly Stain Pocket Flask
  03/14/19
...
appetizing son of senegal sound barrier
  03/14/19
...
Lemon pistol philosopher-king
  06/24/19
...
self-centered hairless private investor plaza
  06/25/19
...
green fat ankles
  06/25/19
...
Provocative Casino
  01/06/21
...
Khaki cowardly jewess
  03/09/23
Elizabeth Warren bump
Comical Pearly Stain Pocket Flask
  04/22/19
So fraud. Would bet the house you're Jewish
Crimson generalized bond
  06/24/19
the entire system is fraud on multiple levels
Awkward Place Of Business Psychic
  06/24/19
...
Provocative Casino
  01/06/21
...
Comical Pearly Stain Pocket Flask
  06/25/19
Just pay back money so bantu kikes can enjoy a healthy treas...
Provocative Casino
  01/06/21
it's not a loophole. you're supposed to report material chan...
Crusty black woman international law enforcement agency
  06/24/19
...
Swashbuckling navy base
  06/24/19
He's Jewish. I've heard this "loophole" logic used...
Crimson generalized bond
  06/24/19
OY VEY PAY UP UR SHEKELS!
Awkward Place Of Business Psychic
  06/24/19
jews being jews doesn't justify fraud. have some integrity.
Crusty black woman international law enforcement agency
  06/24/19
OY VEY ITS ANNODAH SHOAH!
Awkward Place Of Business Psychic
  06/24/19
https://www.google.com/amp/s/amp.app.com/amp/740083002 Lo...
Crimson generalized bond
  06/24/19
...
Comical Pearly Stain Pocket Flask
  06/25/19
...
exhilarant carnelian senate
  07/28/19
...
green fat ankles
  06/25/19
What is the largest percent that is immaterial friend?
chartreuse flatulent nursing home kitty
  06/24/19
(110 iq redditor asking "but where do we draw the line?...
Crusty black woman international law enforcement agency
  06/24/19
No
chartreuse flatulent nursing home kitty
  06/24/19
25% is pushing it
haunting affirmative action
  06/24/19
cr, this faggot needs to be prosecuted
fragrant marketing idea theatre
  06/24/19
You misunderstand this checkbox on the income certification ...
Comical Pearly Stain Pocket Flask
  06/25/19
180
vigorous principal's office
  06/24/19
Happy purim
flesh mentally impaired church building
  06/24/19
...
house-broken lilac reading party garrison
  06/24/19
...
Crimson generalized bond
  06/25/19
There are all sorts of schemes like this...its 180
self-centered hairless private investor plaza
  06/25/19
Bookmarking for later
diverse meetinghouse
  06/25/19
...
Khaki cowardly jewess
  03/09/23
They are cracking down on income based repayment fraud, luck...
Comical Pearly Stain Pocket Flask
  07/28/19
...
twinkling galvanic hall
  07/28/19
...
Comical Pearly Stain Pocket Flask
  08/24/22
This works if your annual income contains a large bonus ever...
Laughsome Bronze People Who Are Hurt
  08/24/22
More POWERFUL hack: lose your job and get on unemployment. U...
Irradiated Embarrassed To The Bone Scourge Upon The Earth House
  08/24/22
...
Comical Pearly Stain Pocket Flask
  03/09/23


Poast new message in this thread



Reply Favorite

Date: March 14th, 2019 8:49 PM
Author: Comical Pearly Stain Pocket Flask

tl;dr Income is calculated post-401k contribution, so max your 401k in the month you use to certify income

The income-based programs allow you to use a paystub to certify income and use taxable income to estimate your income.

What I did was max out my 401k one month: I make $14.5k/month (paid monthly), and Vanguard maxes out at 75%, so put up about 10k into my 401k, leaving my monthly income as ~$4.5k. I submitted this paystub to the loan servicer and now have a ~$200/mo payment.

This is 180 because even if I go the entire 25 years, it doesn't come close to my total loan value. Also, time value of money and I also expect further loan relief. Worst case scenario I get rich and have to pay back my loan.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932644)



Reply Favorite

Date: March 14th, 2019 8:50 PM
Author: appetizing son of senegal sound barrier

LJL at proles who have to repay loans.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659)



Reply Favorite

Date: March 14th, 2019 8:51 PM
Author: Comical Pearly Stain Pocket Flask

Actually it's incredibly prestigious to let the government pay hundreds of thousands on your behalf and then stiff the government on the repayment.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932664)



Reply Favorite

Date: March 14th, 2019 8:52 PM
Author: appetizing son of senegal sound barrier



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669)



Reply Favorite

Date: June 24th, 2019 10:35 PM
Author: Lemon pistol philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: self-centered hairless private investor plaza



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: green fat ankles



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328)



Reply Favorite

Date: January 6th, 2021 12:17 PM
Author: Provocative Casino



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688316)



Reply Favorite

Date: March 9th, 2023 7:26 PM
Author: Khaki cowardly jewess



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031448)



Reply Favorite

Date: April 22nd, 2019 7:50 PM
Author: Comical Pearly Stain Pocket Flask

Elizabeth Warren bump

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710)



Reply Favorite

Date: June 24th, 2019 9:52 PM
Author: Crimson generalized bond

So fraud. Would bet the house you're Jewish

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038)



Reply Favorite

Date: June 24th, 2019 9:54 PM
Author: Awkward Place Of Business Psychic

the entire system is fraud on multiple levels

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041)



Reply Favorite

Date: January 6th, 2021 12:18 PM
Author: Provocative Casino



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688319)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: Comical Pearly Stain Pocket Flask



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321)



Reply Favorite

Date: January 6th, 2021 12:18 PM
Author: Provocative Casino

Just pay back money so bantu kikes can enjoy a healthy treasury

Eat shit

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688322)



Reply Favorite

Date: June 24th, 2019 9:57 PM
Author: Crusty black woman international law enforcement agency

it's not a loophole. you're supposed to report material changes in your income. you don't think that your income going up by 300% the next month is a material change?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435049)



Reply Favorite

Date: June 24th, 2019 10:15 PM
Author: Swashbuckling navy base



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145)



Reply Favorite

Date: June 24th, 2019 10:16 PM
Author: Crimson generalized bond

He's Jewish. I've heard this "loophole" logic used to justify various forms of fraud

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435159)



Reply Favorite

Date: June 24th, 2019 10:26 PM
Author: Awkward Place Of Business Psychic

OY VEY PAY UP UR SHEKELS!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: Crusty black woman international law enforcement agency

jews being jews doesn't justify fraud. have some integrity.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: Awkward Place Of Business Psychic

OY VEY ITS ANNODAH SHOAH!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226)



Reply Favorite

Date: June 24th, 2019 10:32 PM
Author: Crimson generalized bond

https://www.google.com/amp/s/amp.app.com/amp/740083002

Loophole or nah?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435248)



Reply Favorite

Date: June 25th, 2019 2:09 PM
Author: Comical Pearly Stain Pocket Flask



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246)



Reply Favorite

Date: July 28th, 2019 4:27 PM
Author: exhilarant carnelian senate



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: green fat ankles



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: chartreuse flatulent nursing home kitty

What is the largest percent that is immaterial friend?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238)



Reply Favorite

Date: June 24th, 2019 10:37 PM
Author: Crusty black woman international law enforcement agency

(110 iq redditor asking "but where do we draw the line?")

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274)



Reply Favorite

Date: June 24th, 2019 11:03 PM
Author: chartreuse flatulent nursing home kitty

No

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416)



Reply Favorite

Date: June 24th, 2019 10:38 PM
Author: haunting affirmative action

25% is pushing it

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284)



Reply Favorite

Date: June 24th, 2019 11:07 PM
Author: fragrant marketing idea theatre

cr, this faggot needs to be prosecuted

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: Comical Pearly Stain Pocket Flask

You misunderstand this checkbox on the income certification form.

I ALWAYS check the "my income has significantly changed" box so that they let me use paystubs to calculate income instead of tax returns.

You only have to certify once a year. You have the option of certifying again (say if you lost your job or similar), but are not required to. Hilariously, if your income changes upward, you still can pay the lower rate the rest of the year. Income based repayment is a "heads I win, tails you lose" program.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437316)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: vigorous principal's office

180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240)



Reply Favorite

Date: June 24th, 2019 10:36 PM
Author: flesh mentally impaired church building

Happy purim

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262)



Reply Favorite

Date: June 24th, 2019 11:04 PM
Author: house-broken lilac reading party garrison



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422)



Reply Favorite

Date: June 25th, 2019 11:22 AM
Author: Crimson generalized bond



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: self-centered hairless private investor plaza

There are all sorts of schemes like this...its 180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255)



Reply Favorite

Date: June 25th, 2019 11:28 AM
Author: diverse meetinghouse

Bookmarking for later

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264)



Reply Favorite

Date: March 9th, 2023 7:28 PM
Author: Khaki cowardly jewess



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031460)



Reply Favorite

Date: July 28th, 2019 3:30 PM
Author: Comical Pearly Stain Pocket Flask

They are cracking down on income based repayment fraud, luckily they are getting at the dumb goyim who claim 30 dependents: https://abcnews.go.com/amp/Politics/wireStory/feds-find-potential-fraud-student-loan-repayment-plans-64575667

Still riding this loophole, but currently have $0 payments for the next year because I had a brief lapse of employment and recalculated income during this period lol.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601528)



Reply Favorite

Date: July 28th, 2019 4:25 PM
Author: twinkling galvanic hall



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728)



Reply Favorite

Date: August 24th, 2022 9:00 PM
Author: Comical Pearly Stain Pocket Flask



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065702)



Reply Favorite

Date: August 24th, 2022 9:05 PM
Author: Laughsome Bronze People Who Are Hurt

This works if your annual income contains a large bonus every year. It makes sense as well because you can’t guarantee you’ll have a giant bonus next year so you certify based on your lower income like you would on child support

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065720)



Reply Favorite

Date: August 24th, 2022 10:03 PM
Author: Irradiated Embarrassed To The Bone Scourge Upon The Earth House

More POWERFUL hack: lose your job and get on unemployment. Update/recertify your income using your unemployment checks as your basis. Enjoy like a $30/month payment for a year. Rinse and repeat as needed. Thanks libs!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065984)



Reply Favorite

Date: March 9th, 2023 7:25 PM
Author: Comical Pearly Stain Pocket Flask



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031443)