I’ve been trying to understand the SAVE plan and I’m still super confused. I have about $16k in loans and started paying them back in 11/23 (I graduated in 2017… whoops). At first, my monthly payment was about $80, but it recently jumped up to $166.
I don’t really understand how this program works in general or why my payment went up so much. I called Nelnet, but the reps were honestly pretty rude and didn’t explain much and I get the feeling they don’t even fully understand the SAVE plan themselves.
I’m also seeing so much controversy online about this program, which makes it even harder to know if I’m in the best repayment plan for my situation. Right now I only make about $65k, and with all my other bills, paying more than $160/month just isn’t realistic.
If anyone can explain SAVE to me that would be helpful 🙂
SAVE plan idk what I am doing
byu/Maximum-Hat1511 inStudentLoans
Posted by Maximum-Hat1511
1 Comment
It IS all super confusing. I was on SAVE, I believe trump did away eith it and now we have income driven repayment options. Mine went up 2x as much.
P.s. the loans are back on our credit reports so you night want to check those to see any changes.