I'm curious if anyone has done the five years here, and how it worked out. The school I'm going to be working in this coming fall is title 1/eligible for teacher loan forgiveness. I know it's capped at $17,500 - so in an ideal world one would try to use IBR and try to get the principal balance right around that point for the five year mark. A couple of questions, if anyone knows the answers... Is this based on number of qualified payments like the 10 year public service forgiveness (e.g. make 120 payments to be eligible - teacher forgiveness 60 payments) or is it only based on teaching for five years and keeping your loans in good standing? (If it's not based on payments, I think it would be wise for me to keep the loan in deferment via taking college courses as I'll need the education for PD anyways.) Also, we live in an economy that's not very certain - and I will be working in a rural school with a slowly declining population. The five years has to be consecutive, right (does the 10 year?), would it still be possible to obtain the forgiveness if you switched schools but went to another title 1/Native American run school? I hate the idea of not having the job for five years and paying all that extra interest for nothing. I'm really debating between putting 60% of my net income towards loan repayment or going on IBR and hoping to get the majority cancelled after 5 years. I like the certainty of the tried and true method, and I can afford to live on 40% of my income as I'm single without kids. The advantage for me going the other route, if it worked out, is 5 years of capped IRA and almost capped 403(b) and a paid off loan; the plan would be to use my IRA/403(b) to keep my AGI low enough to qualify for a minimum payment that would put my principal at 17.5k at the end of five years. (For the investment savvy here, this is a triple win as I also don't plan on retiring in this state, so not only am I lowering my tax burden, but also saving my state's income tax, eventually, on all contributions). Any advice is appreciated.