- Joined
- Nov 8, 2016
- Messages
- 10
- Reaction score
- 45
Hello everyone, I haven't been here in a long time! Currently in my 15th year at the VA. I have five figures of student loan debt still following me after all these years so I was pleased that EDRP was finally offered to me, will wipe out my remaining balance. Thank goodness.
However, I just wanted to double check the details.
Main thing I wanted to double-check is the whole reimbursement aspect of this. The main issue is that the annual amount that my EDRP is approved for is about three times the amount I pay out per month on my loan (because the APR on my loan is quite low - under 2%).
Given that, it seems like I will need to increase the amount I pay out in order to take maximum advantage of the annual EDRP approved amount, correct? In other words, I do not get reimbursement payments for money I did not "front" in the first place?
Thanks, appreciate the confirmation from anyone else who has taken advantage of this and if y'all have any other tips that would be appreciated.
However, I just wanted to double check the details.
Main thing I wanted to double-check is the whole reimbursement aspect of this. The main issue is that the annual amount that my EDRP is approved for is about three times the amount I pay out per month on my loan (because the APR on my loan is quite low - under 2%).
Given that, it seems like I will need to increase the amount I pay out in order to take maximum advantage of the annual EDRP approved amount, correct? In other words, I do not get reimbursement payments for money I did not "front" in the first place?
Thanks, appreciate the confirmation from anyone else who has taken advantage of this and if y'all have any other tips that would be appreciated.