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Did you faithfully make the 120 qualifying payments toward Public Service Loan Forgiveness—a process that takes about 10 years—only to have your claim for forgiveness denied?
It’s not just you. A lot of borrowers have had this problem. The good news is that Congress just authorized a fix for it in its March spending bill. It’s called “Temporary Expanded Public Service Loan Forgiveness” (TEPSLF), and it sets aside over $350 million in forgiveness funding for people who were initially denied.
Babies cost a lot—even more than you owe to Sallie Mae. But you don’t have to throw your finances out with the bathwater when you have one.
Lots of people do have kids and debt at the same time, and make it work. And those people aren’t that special. So no, you don't need to pay off your student loans before having a baby.
The short answer: nope.
The long answer goes a little more like nope, in most cases. As of January 1, 2018, if you get your student loan debt discharged due to disability, you won’t be taxed on the discharged amount. This is big news, because prior to then, you would get taxed on that amount.
Often, whether or not you’re offered a raise has little to do with your job performance. Instead, your compensation may be based on your department’s budget, your manager’s priorities, and (in some cases) whether or not your employer thinks they can keep you doing such a great job for cheap.
The bottom line is this: To get a raise in this non-merit-based world, you’ve got to make the case for it. Here’s a deep dive into how.
