I've been hanging out in the SAVE application administrative forbearance (never got on, but was in processing) for a while after graduation in 2024. I know I need to switch to IBR before I get stuck on standard or RAP.
However, I just got accepted into a new 2-year program that starts this August. I am planning to pay outright and not take out any new loans. If I get on IBR before my loans are deferred for the program, will they automatically go back on IBR when I finish in 2028? How do I keep IBR?
Posted by stained__canvas
1 Comment
You have access to IBR as long as you don’t take any loans out on or after July 1, 2026.