Student Loan Payoff

Federal first if forgiveness programs apply (PSLF). Private second (higher rates, fewer protections). If high private rate (7%+), prioritize private aggressive.

Payment based on discretionary income (10–20% of earnings above poverty line). Caps monthly payment but extends term. Forgiveness after 20–25 years (may be taxable).

Federal forgiveness programs (PSLF, SAVE Plan) exist. But forgiveness may be taxable income. Payment extends 25 years. Do math: repay vs forgive, which is cheaper?