I just went to recertify my IDR payment and see my payment is going from $184 to $574 per month. My job/income has not changed nor has family size. I don't understand how this is happening, anyone else seeing similar estimates? I know there's been a lot of changes and honestly haven't been staying up to date but thought mostly it was unfortunately about SAVE ending…any info anyone may have about changes with PAYE, please share!
PAYE estimated payment tripling?
byu/Mbserd87 inStudentLoans
Posted by Mbserd87
2 Comments
What is your AGI from your latest tax return (combined with spouse if filing jointly), family size, and loan balance? When did you take out your earliest loans?
Is it possible you’re seeing the standard payment amount and your actual PAYE payment hasn’t been calculated yet? They often use the standard plan amount as a placeholder while they’re still processing the information and calculating your actual payment.