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The Public Service Loan Forgiveness Program is a federal repayment programthat pays of your debt after 10 years of IBR payments. There is a new actcalled: StudentLoan Forgiveness Act of 2012 and this will reduce the 10 years to 5years. I'm currently starting my 3rd year as a navy dentist and I still have175K of debt but I've been paying on it with the IBR and my payments have onlybeen around 400 a month. I lower my AGI via TSP and since I have a wife and 2kids that helps lower my payment too. I did the HSCP program because I am aprior dental tech and had time in already so I came in as an 03E with 9 yearsafter the 4 years of dental school added 4 years of time to my active duty. So,this being said if you are contemplating HPSP versus HSCP I'd highly recommendyou think about your decision carefully because with the PSLFP you can max outyour loans as an HSCP person (put money in the bank via loans) and then havethem forgiven in 5-10 years. The HSCP is only available to the navy because the navy is the greatest. To sign this petition and help lower it to 5 yearsgo to:
http://signon.org/sign/support-the-student-loan.fb1?source=s.fb&r_by=3580410
http://signon.org/sign/support-the-student-loan.fb1?source=s.fb&r_by=3580410