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I just finished school and have a very large balance in student loans. Not just from LS, but from a couple other degrees I previously obtained. I will be taking the bar next year and am currently not working. Because I have used my loan deferment in the past, my loans are due, starting now. It was brought to my attention that I need to request an IBR plan, but I didn't realize there were so many options.

Debt: about $400,000 (all private schools, fed loans though)
Payments: Not really clear yet
Income: Going to be none for the next few months, but should be close to 75k annually by the end of the year.
Plan: Where I need advice.
Important info: I'm single (long-term dating relationship, but unmarried). I have kids and child support to pay (which has been and will be maintained).

What IBR (or other deferment plan) would be best for these numbers?

PAYE or REPAYE (if not eligible for PAYE).

If I read it properly, I don't qualify for PAYE because I took loans out before 07. REPAYE isn't a bad option either given my situation and numbers though.

REPAYE it is!

I know this is far down in the future but it's worth thinking about now because you can't very well just uproot yourself in 20 years: If you end up in a career path that doesn't have a reasonable chance of paying that off (and I'm sure you know that's a pretty high number), consider moving to a state like Washington that doesn't have state income tax.

No state income tax means the explosion is smaller when your tax bomb goes off at the point of loan forgiveness.

That's a very interesting factor to consider. Yeah, it is a long ways off, but it's good to have stuff like that in mind. Especially if, in my case, it might be a six-figure tax bomb.

Thanks for bringing it up.

btw, I submitted my application for REPAYE. Fingers crossed, hope it works