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I found a 180 loophole to income-based repayment schemes
| razzmatazz arrogant stead filthpig | 03/14/19 |
| Irradiated school | 03/14/19 |
| razzmatazz arrogant stead filthpig | 03/14/19 |
| Irradiated school | 03/14/19 |
| comical rigor | 06/24/19 |
| concupiscible native | 06/25/19 |
| provocative sneaky criminal chad | 06/25/19 |
| Gaped charcoal whorehouse | 01/06/21 |
| Supple bawdyhouse | 03/09/23 |
| razzmatazz arrogant stead filthpig | 04/22/19 |
| 180 degenerate area | 06/24/19 |
| yapping principal's office psychic | 06/24/19 |
| Gaped charcoal whorehouse | 01/06/21 |
| razzmatazz arrogant stead filthpig | 06/25/19 |
| Gaped charcoal whorehouse | 01/06/21 |
| Hairraiser trailer park nowag | 06/24/19 |
| At-the-ready Jap Son Of Senegal | 06/24/19 |
| 180 degenerate area | 06/24/19 |
| yapping principal's office psychic | 06/24/19 |
| Hairraiser trailer park nowag | 06/24/19 |
| yapping principal's office psychic | 06/24/19 |
| 180 degenerate area | 06/24/19 |
| razzmatazz arrogant stead filthpig | 06/25/19 |
| Violent vermilion personal credit line parlour | 07/28/19 |
| provocative sneaky criminal chad | 06/25/19 |
| Cordovan theatre | 06/24/19 |
| Hairraiser trailer park nowag | 06/24/19 |
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| Arousing site really tough guy | 06/24/19 |
| light embarrassed to the bone police squad | 06/24/19 |
| razzmatazz arrogant stead filthpig | 06/25/19 |
| soggy self-centered nibblets | 06/24/19 |
| disrespectful den | 06/24/19 |
| walnut judgmental spot coffee pot | 06/24/19 |
| 180 degenerate area | 06/25/19 |
| concupiscible native | 06/25/19 |
| vigorous costumed indian lodge black woman | 06/25/19 |
| Supple bawdyhouse | 03/09/23 |
| razzmatazz arrogant stead filthpig | 07/28/19 |
| ocher buck-toothed affirmative action dragon | 07/28/19 |
| razzmatazz arrogant stead filthpig | 08/24/22 |
| ebony cruel-hearted tattoo | 08/24/22 |
| Dashing striped hyena | 08/24/22 |
| razzmatazz arrogant stead filthpig | 03/09/23 |
Poast new message in this thread
Date: March 14th, 2019 8:49 PM Author: razzmatazz arrogant stead filthpig 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. |
Date: March 14th, 2019 8:50 PM Author: Irradiated school LJL at proles who have to repay loans. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659) |
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Date: March 14th, 2019 8:51 PM Author: razzmatazz arrogant stead filthpig 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) |
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Date: March 14th, 2019 8:52 PM Author: Irradiated school (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669) |
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Date: June 24th, 2019 10:35 PM Author: comical rigor (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257) |
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Date: June 25th, 2019 11:26 AM Author: concupiscible native (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252) |
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Date: June 25th, 2019 11:41 AM Author: provocative sneaky criminal chad (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328) |
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Date: January 6th, 2021 12:17 PM Author: Gaped charcoal whorehouse (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688316) |
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Date: March 9th, 2023 7:26 PM Author: Supple bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031448) |
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Date: April 22nd, 2019 7:50 PM Author: razzmatazz arrogant stead filthpig Elizabeth Warren bump (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710) |
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Date: June 24th, 2019 9:52 PM Author: 180 degenerate area So fraud. Would bet the house you're Jewish (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038) |
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Date: June 24th, 2019 9:54 PM Author: yapping principal's office psychic the entire system is fraud on multiple levels (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041) |
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Date: January 6th, 2021 12:18 PM Author: Gaped charcoal whorehouse (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688319) |
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Date: June 25th, 2019 11:39 AM Author: razzmatazz arrogant stead filthpig (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321) |
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Date: January 6th, 2021 12:18 PM Author: Gaped charcoal whorehouse Just pay back money so bantu kikes can enjoy a healthy treasury Eat shit |
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Date: June 24th, 2019 9:57 PM Author: Hairraiser trailer park nowag 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) |
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Date: June 24th, 2019 10:15 PM Author: At-the-ready Jap Son Of Senegal (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145) |
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Date: June 24th, 2019 10:16 PM Author: 180 degenerate area 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) |
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Date: June 24th, 2019 10:26 PM Author: yapping principal's office psychic OY VEY PAY UP UR SHEKELS! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215) |
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Date: June 24th, 2019 10:27 PM Author: Hairraiser trailer park nowag jews being jews doesn't justify fraud. have some integrity. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222) |
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Date: June 24th, 2019 10:27 PM Author: yapping principal's office psychic OY VEY ITS ANNODAH SHOAH! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226) |
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Date: June 24th, 2019 10:32 PM Author: 180 degenerate area https://www.google.com/amp/s/amp.app.com/amp/740083002
Loophole or nah? |
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Date: June 25th, 2019 2:09 PM Author: razzmatazz arrogant stead filthpig (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246) |
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Date: July 28th, 2019 4:27 PM Author: Violent vermilion personal credit line parlour (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731) |
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Date: June 25th, 2019 11:41 AM Author: provocative sneaky criminal chad (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336) |
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Date: June 24th, 2019 10:29 PM Author: Cordovan theatre What is the largest percent that is immaterial friend? (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238) |
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Date: June 24th, 2019 10:37 PM Author: Hairraiser trailer park nowag (110 iq redditor asking "but where do we draw the line?") (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274) |
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Date: June 24th, 2019 11:03 PM Author: Cordovan theatre No (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416) |
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Date: June 24th, 2019 10:38 PM Author: Arousing site really tough guy 25% is pushing it (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284) |
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Date: June 24th, 2019 11:07 PM Author: light embarrassed to the bone police squad cr, this faggot needs to be prosecuted (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434) |
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Date: June 25th, 2019 11:39 AM Author: razzmatazz arrogant stead filthpig 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. |
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Date: June 24th, 2019 10:29 PM Author: soggy self-centered nibblets 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240) |
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Date: June 24th, 2019 10:36 PM Author: disrespectful den Happy purim (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262) |
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Date: June 24th, 2019 11:04 PM Author: walnut judgmental spot coffee pot (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422) |
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Date: June 25th, 2019 11:22 AM Author: 180 degenerate area (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225) |
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Date: June 25th, 2019 11:26 AM Author: concupiscible native There are all sorts of schemes like this...its 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255) |
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Date: June 25th, 2019 11:28 AM Author: vigorous costumed indian lodge black woman Bookmarking for later (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264) |
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Date: March 9th, 2023 7:28 PM Author: Supple bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031460) |
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Date: July 28th, 2019 3:30 PM Author: razzmatazz arrogant stead filthpig 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. |
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Date: July 28th, 2019 4:25 PM Author: ocher buck-toothed affirmative action dragon (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728) |
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Date: August 24th, 2022 9:00 PM Author: razzmatazz arrogant stead filthpig (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065702) |
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Date: August 24th, 2022 9:05 PM Author: ebony cruel-hearted tattoo 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) |
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Date: August 24th, 2022 10:03 PM Author: Dashing striped hyena 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) |
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Date: March 9th, 2023 7:25 PM Author: razzmatazz arrogant stead filthpig (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031443) |