For years I haven’t been required to recertify my income with PAYE because they kept pushing back my date during all the IBR drama. It’s looking like in September I’ll finally have to recertify. I unfortunately had some taxable events last year, sold stocks and crypto which is reflected on my AGI. I also worked quite a bit of OT making my AGI look even higher. I’ll likely go from a student loan payment of $550 to over $1000. My rent is ~$2000/mo…my car payment is ~$500/mo. This will become half of my rent payment or 2 car payments without the cars or contributing to a roof over my head.
I lost sleep thinking about this last night. It’ll take me at least 3 shifts a month to net over $1000. That’s at least 36 working days a year now going to strictly student loans….feels terrible. How are people supposed to have kids, get married and afford a house with these type of payments.
Dreading recertification coming up soon. Any tips?
byu/NobleChris2 inStudentLoans
Posted by NobleChris2
3 Comments
Will you be able to use two consecutive paystubs to demonstrate current income? I heard of that somewhere but don’t know if it applies.
Just use your previous year’s return instead.
i understand it sucks but you did take the money out. three shifts is really nothing