The most prestigious law school admissions discussion board in the world.
|
 |
 
|
I found a 180 loophole to income-based repayment schemes
| fragrant site | 03/14/19 |
| pontificating salmon school cafeteria | 03/14/19 |
| fragrant site | 03/14/19 |
| pontificating salmon school cafeteria | 03/14/19 |
| Topaz Beady-eyed Sweet Tailpipe Feces | 06/24/19 |
| domesticated 180 locus | 06/25/19 |
| Carmine point legal warrant | 06/25/19 |
| mahogany pocket flask lay | 01/06/21 |
| irradiated milk | 03/09/23 |
| fragrant site | 04/22/19 |
| Coral thriller library idiot | 06/24/19 |
| cordovan regret hairy legs | 06/24/19 |
| mahogany pocket flask lay | 01/06/21 |
| fragrant site | 06/25/19 |
| mahogany pocket flask lay | 01/06/21 |
| Doobsian Mexican | 06/24/19 |
| frozen provocative stead new version | 06/24/19 |
| Coral thriller library idiot | 06/24/19 |
| cordovan regret hairy legs | 06/24/19 |
| Doobsian Mexican | 06/24/19 |
| cordovan regret hairy legs | 06/24/19 |
| Coral thriller library idiot | 06/24/19 |
| fragrant site | 06/25/19 |
| Avocado laser beams space | 07/28/19 |
| Carmine point legal warrant | 06/25/19 |
| Dashing Lime Trailer Park | 06/24/19 |
| Doobsian Mexican | 06/24/19 |
| Dashing Lime Trailer Park | 06/24/19 |
| misunderstood stage jap | 06/24/19 |
| bisexual meetinghouse | 06/24/19 |
| fragrant site | 06/25/19 |
| Wonderful Metal Prole Boiling Water | 06/24/19 |
| flatulent keepsake machete boltzmann | 06/24/19 |
| diverse indigo sanctuary | 06/24/19 |
| Coral thriller library idiot | 06/25/19 |
| domesticated 180 locus | 06/25/19 |
| Vivacious coiffed kitty cat den | 06/25/19 |
| irradiated milk | 03/09/23 |
| fragrant site | 07/28/19 |
| marvelous stock car | 07/28/19 |
| fragrant site | 08/24/22 |
| Amethyst bearded hell | 08/24/22 |
| excitant rigpig half-breed | 08/24/22 |
| fragrant site | 03/09/23 |
Poast new message in this thread
Date: March 14th, 2019 8:49 PM Author: fragrant site 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: pontificating salmon school cafeteria LJL at proles who have to repay loans. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659) |
 |
Date: March 14th, 2019 8:51 PM Author: fragrant site 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) |
|
Date: March 14th, 2019 8:52 PM Author: pontificating salmon school cafeteria (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669) |
|
Date: June 24th, 2019 10:35 PM Author: Topaz Beady-eyed Sweet Tailpipe Feces (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257) |
|
Date: June 25th, 2019 11:26 AM Author: domesticated 180 locus (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252) |
|
Date: June 25th, 2019 11:41 AM Author: Carmine point legal warrant (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328) |
|
Date: January 6th, 2021 12:17 PM Author: mahogany pocket flask lay (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688316) |
|
Date: March 9th, 2023 7:26 PM Author: irradiated milk (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031448) |
|
Date: April 22nd, 2019 7:50 PM Author: fragrant site Elizabeth Warren bump (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710) |
|
Date: June 24th, 2019 9:52 PM Author: Coral thriller library idiot So fraud. Would bet the house you're Jewish (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038) |
|
Date: June 24th, 2019 9:54 PM Author: cordovan regret hairy legs the entire system is fraud on multiple levels (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041) |
|
Date: January 6th, 2021 12:18 PM Author: mahogany pocket flask lay (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688319) |
|
Date: June 25th, 2019 11:39 AM Author: fragrant site (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321) |
|
Date: January 6th, 2021 12:18 PM Author: mahogany pocket flask lay Just pay back money so bantu kikes can enjoy a healthy treasury Eat shit |
|
Date: June 24th, 2019 9:57 PM Author: Doobsian Mexican 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) |
|
Date: June 24th, 2019 10:15 PM Author: frozen provocative stead new version (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145) |
|
Date: June 24th, 2019 10:16 PM Author: Coral thriller library idiot 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) |
|
Date: June 24th, 2019 10:26 PM Author: cordovan regret hairy legs OY VEY PAY UP UR SHEKELS! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215) |
|
Date: June 24th, 2019 10:27 PM Author: Doobsian Mexican jews being jews doesn't justify fraud. have some integrity. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222) |
|
Date: June 24th, 2019 10:27 PM Author: cordovan regret hairy legs OY VEY ITS ANNODAH SHOAH! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226) |
|
Date: June 24th, 2019 10:32 PM Author: Coral thriller library idiot https://www.google.com/amp/s/amp.app.com/amp/740083002
Loophole or nah? |
|
Date: June 25th, 2019 2:09 PM Author: fragrant site (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246) |
|
Date: July 28th, 2019 4:27 PM Author: Avocado laser beams space (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731) |
|
Date: June 25th, 2019 11:41 AM Author: Carmine point legal warrant (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336) |
|
Date: June 24th, 2019 10:29 PM Author: Dashing Lime Trailer Park What is the largest percent that is immaterial friend? (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238) |
|
Date: June 24th, 2019 10:37 PM Author: Doobsian Mexican (110 iq redditor asking "but where do we draw the line?") (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274) |
|
Date: June 24th, 2019 11:03 PM Author: Dashing Lime Trailer Park No (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416) |
|
Date: June 24th, 2019 10:38 PM Author: misunderstood stage jap 25% is pushing it (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284) |
|
Date: June 24th, 2019 11:07 PM Author: bisexual meetinghouse cr, this faggot needs to be prosecuted (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434) |
|
Date: June 25th, 2019 11:39 AM Author: fragrant site 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. |
|
Date: June 24th, 2019 10:29 PM Author: Wonderful Metal Prole Boiling Water 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240) |
|
Date: June 24th, 2019 10:36 PM Author: flatulent keepsake machete boltzmann Happy purim (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262) |
|
Date: June 24th, 2019 11:04 PM Author: diverse indigo sanctuary (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422) |
|
Date: June 25th, 2019 11:22 AM Author: Coral thriller library idiot (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225) |
|
Date: June 25th, 2019 11:26 AM Author: domesticated 180 locus There are all sorts of schemes like this...its 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255) |
|
Date: June 25th, 2019 11:28 AM Author: Vivacious coiffed kitty cat den Bookmarking for later (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264) |
|
Date: March 9th, 2023 7:28 PM Author: irradiated milk (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031460) |
|
Date: July 28th, 2019 3:30 PM Author: fragrant site 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. |
|
Date: July 28th, 2019 4:25 PM Author: marvelous stock car (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728) |
|
Date: August 24th, 2022 9:00 PM Author: fragrant site (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065702) |
|
Date: August 24th, 2022 9:05 PM Author: Amethyst bearded hell 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) |
|
Date: August 24th, 2022 10:03 PM Author: excitant rigpig half-breed 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) |
|
Date: March 9th, 2023 7:25 PM Author: fragrant site (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031443) |