It isn’t wrong. The $800 is what your payment will be if you do not recertify your income and are moved to the standard plan. As long as you recertify your income every year, you will keep your lower payments proportional to your income.
adultdaycare81 on
That’s if you don’t recertify.
That also means you will never pay off your loan loans. If the difference between an income based and standard is that wide, you will be paying this off for the full term
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It isn’t wrong. The $800 is what your payment will be if you do not recertify your income and are moved to the standard plan. As long as you recertify your income every year, you will keep your lower payments proportional to your income.
That’s if you don’t recertify.
That also means you will never pay off your loan loans. If the difference between an income based and standard is that wide, you will be paying this off for the full term