Currently on SAVE forbearance, but looking to restart payments. Based on running the online calculator, it looks like PAYE would be my best option (other option is old IBR). The payment cap could be a factor down the road and wanted to get clarity if the cap would reset when I would have to switch from PAYE to Old IBR in 2028. Due to a few payments, my cap would currently be based on roughly 9 years and 3 months vs 10 years. Assuming it would get recalculated at the time I switch to Old IBR in 2028 (so say would then be based on roughly 7 year repayment). However, wanted to confirm if my understanding of the cap calculation was correct. I am planning to qualify for PSLF (Dec 2028 with buyback), so focused on lowest monthly payments over the next few years. Thank you in advance for any assistance.
Posted by hodge84