WITAXLADY Posted October 23, 2013 Report Posted October 23, 2013 Client was in last night and said a new program allows her friend to pay x amount per month - less than what she was paying! and in 10 years all is complete and the rest forgiven. (He was upset as his wife paid all hers in cash over 8 years! ) So I have another client who owes $90,000 on his sons education (plus his son owes $$'s also) and they want $1100 per month from him. He has everything mortgaged, equity line, 2 vehicle loans and cannot afford the $1100. Student Loan place said file mfs and you only pay $250 per month. Well then he pays more in taxes each year. 1 - Have any of you heard of this recent law change? 2 - Do you have any other options for him to get his payments lowered? Thank you, D Quote
ILLMAS Posted October 23, 2013 Report Posted October 23, 2013 http://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service Quote
Guest Taxed Posted October 23, 2013 Report Posted October 23, 2013 POTUS has been promoting this since it was introduced. Quote
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