My future employer will pay 50k in student loan forgiveness over 4 years. I'm currently taking out loans in order to maximize this payment. If you pay the loans off in less than 4 years, they won't continue to give you the difference.

My friend said he took out 70k total, because the payments he will have to make on his own, which will extend him to the 4 year period. I'm guessing the company pays the student loan company directly as principle - rather than scheduled payment, which could push out your next due payment. I'm trying to figure out if it's actually worth it to take out 70k in loans in order to get paid 50k in total reimbursement. If I only take out 50k it sounds like it'll be paid off in 3 years

I'm trying to figure out the math on this, but I don't think I'm setting it up correctly. Can anyone provide some advice?

Thanks!