Forgiveness After N Years: What Is Left, Paid & Possibly Taxed (Chart)
This lesson is part of the course
In this lesson
You look up the balance left when the forgiveness clock runs out, add up what Maya paid until then, allow for a possible tax on the forgiven amount and chart how the balance moves over 25 years.
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Lessons in this course
- Interest While You Study & Capitalisation Locked
- The Standard 10-Year Plan: PMT & Total Interest Locked
- The Graduated Plan: Payments That Step Up Every 2 Years Locked
- Income-Driven Plans: % of Discretionary Income Locked
- Forgiveness After N Years: What Is Left, Paid & Possibly Taxed (Chart) Locked
- Extra Payments & the Payoff Date: NPER and EDATE Locked
- Refinancing vs Keeping: Rate Savings vs Lost Benefits Locked
- Plan Comparison: Total Cost of Every Plan (Chart) Locked