My wife has received a refund for loan disbursement in excess of her tuition due. If she will be working for a public service provider after graduating and aims for the 10 year loan forgiveness....

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Probably depends on the interest paid over the 10 year loan. If mortgage rate would be higher, I would use for a bigger down payment. If you wouldn’t buy a house without these funds, maybe weigh how much you want / need a house.

Depending on how much is borrowed, some student loans only have a 10yr payback period so the loan forgiveness may not be that beneficial.

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The loan forgiveness on the 120k student debt appears to be hugely beneficial, especially since its tough for her to even find a job that pays well. We’re just going after any one that qualifies for pslf. And given that the loan payments are based off income, the interest accrued over time may not matter

Please do a LOT of research on the loan forgiveness program. Almost no one actually qualifies due to the stringent documentation requirements. If you haven’t already looked into it but are counting on it, please get some research in before you make a decision. I recall seeing that you have to apply for the forgiveness before the 10 year clock starts, and that any working time from below you apply is ignored. Definitely check it out first.

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Thanks, I am definitely doing my research. We’re still in grace period as of now.

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..... is it a terrible idea to keep this money towards buying a house rather than pay it off now?

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