I got the email a month ago that the SAVE plan was ending. My income is 71k and I owe about 80k. I’ve made very few payments and have mostly been in forbearance. My forbearance date still shows 2028. By when do I have to switch? Will my forbearance go away when I switch? I’ve read conflicting info on this sub. What is the meaning of the July 1 date?
Posted by jab1023
1 Comment
90 days from 7/1 is the typical. Depending on when you borrowed, you could do IBR of PAYE, or the new RAP