The time has come where I have to pick a payment plan . I want to do the 10 year standard at 1,010 a month but I’m a little afraid because what if I lose my job somewhere down the road or something happens and I’m making less ? Will I be able to call and pick another type of plan? 😭
Posted by pearl_spatula
2 Comments
Yes. You can change plans at any time and as often as you want. You don’t even need to call. You just switch online.
Yes, you can switch later.
Even if the plan is aggressive paydown there may be some benefits to going on an IDR anyway, like for the RAP subsidy when it’s available.
I would still model out all payment options.