LogFAQs > #974647921

Zanzenburger posted...

If it works like the previous REPAYE plan, it's 20 years in any IDR plan, so if you've already built some years in REPAYE, those should count towards the 20 year forgiveness plan. That's just an assumption, though, we'll have to get more guidance when this goes into effect.

Interesting. A brief look up shows that the amount you pay on the income repayment plan is based on discretionary income (AGI - 150% of poverty level). With the current plans, if your income rises significantly, your payments would then be higher correct?

In what situations would someone actually be making payments for 20 years? If their income stays low and if their loan is so big that the income based payment increase from higher salary still doesn't pay off the loan?