With everything going on, what are yall going to do now that the save plan is off the table starting July 1 2026? Just trying to figure out what to do.
Save Plan? What are yall gonna do?
byu/pink_daisy_9119 inStudentLoans
Posted by pink_daisy_9119
14 Comments
Pay off the loans
Move back to Old IBR
Go to school half-time every January until I die or retire.
I haven’t thought about it yet.
I plan on waiting to maybe not the last minute but as long as I can before switching over. I have a few other debts I need to try to clear out of the way before I can absorb the loan payment. It’s going to be pretty tight, but that’s the way it is.
Stay depressed af
Wait a bit and move to PAYE
If I haven’t verified my income with my loan servicer yet what will happen if they switch me over automatically? Will they verify my income themselves?
Wait until September 30th to apply to switch to RAP. I’m 40% of the way PSLF so I’m in no hurry to resume payments when I can just do buyback with a competent administration in office.
I have a buyback request pending so I’ll just drag it out as long as I can and then pay that off, which has been my plan since all this started anyways.
Enroll 6 credit hours. They have billions of dollars for war… but can’t help Americans. Both side of the political aisle are corrupted. I’ll get a basket weaving degree. I don’t care at this point.
My payment is so high on both IBR and RAP that I will pay off my loans before receiving any forgiveness, so there is no advantage to me doing anything.
I’m going to wait everything out as long as possible, enroll in RAP when forced, and hope the next administration actually happens and does something.
RAP.
Although what we do really isn’t necessarily what is best for you. Every loan situation is a unique, so you shouldn’t follow the herd. Figure out what the most optimal route for you is and do that.
Just do the standard repayment plan and get it over with