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Home > Ask The Get Out of Debt Experts > IBR Medical Student or Teacher Qualification Questions. – Melody

IBR Medical Student or Teacher Qualification Questions. – Melody

Hi I’m currently a medical student who is thinking about changing careers and going into teaching.

I also have over $200,000 in debt and I know I won’t be able to pay that back easily with a teacher’s salary.

I looked into the new loan program that Obama has set out. It looks like I would qualify for IBR on a teacher’s starting salary (~$25,000) and according to a calculator I found through your website, my monthly payments would be manageable.

Additionally, since they are all federal loans, they would be forgiven after 20 years of up to date payments.

My question is, since I received the majority of my loans for a professional graduate school, can I still quality for IBR even though I have switched careers?


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This is information that was submitted by a third party and not generated by or Steve Rhode.
  • Michael

    Hi Melody,

    One of the best resources on line for student loan information is a site put together by the National Consumer Law Center. If you have not visited already, check out the resources available there and perhaps the answer to your question.

    Best of success in your new career!

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