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PAYE workaround

I missed PAYE by a few months. I have $230K in student loans...
self-absorbed self-centered area
  06/19/13
No. There are 2 parts to being eligible. The first is having...
Know-it-all queen of the night sneaky criminal
  06/20/13
Really? Just consolidating after October 2011 counts as taki...
self-absorbed self-centered area
  06/20/13
100% sure.
Know-it-all queen of the night sneaky criminal
  06/20/13
u should still do the post bacc tho. free money u know
copper at-the-ready orchestra pit
  06/20/13
PAYE is only good if you never plan on making much while hav...
stimulating bespoke theater stage pisswyrm
  06/20/13
Correct on massive loans, but the first part depends what yo...
Know-it-all queen of the night sneaky criminal
  06/20/13
I have 230k and NY biglaw. It stil makes sense given the cap...
self-absorbed self-centered area
  06/20/13


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Date: June 19th, 2013 11:31 PM
Author: self-absorbed self-centered area

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?

(http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23433946)



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Date: June 20th, 2013 12:06 AM
Author: Know-it-all queen of the night sneaky criminal

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: self-absorbed self-centered area

Really? Just consolidating after October 2011 counts as taking out a loan?

Are you sure?

(http://www.autoadmit.com/thread.php?thread_id=2287093&forum_id=2#23435375)



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Date: June 20th, 2013 8:05 AM
Author: Know-it-all queen of the night sneaky criminal

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: copper at-the-ready orchestra pit

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)



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Date: June 20th, 2013 8:57 AM
Author: stimulating bespoke theater stage pisswyrm

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: Know-it-all queen of the night sneaky criminal

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: self-absorbed self-centered area

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)