I’m confused. What is all this talk about having to apply for PAYE BEFORE 7/1/2026 if you’ve never been on it or else you cannot apply for it? I am on SAVE, have been on IBR and REPAYE plans prior. I don’t want to apply for any repayment until I absolutely have to.
PAYE Confusion in the news
byu/PreparationNo8306 inStudentLoans
Posted by PreparationNo8306
3 Comments
I’m also confuse. I never been on SAVE but I’m in PAYE and my recertification is in August. With all of these new changes, do I need to rectify before July 1st? Also is PAYE will still be an option when it’s time to recertify?
The key thing: applying for PAYE before July 1st preserves the option. Not applying means the door closes permanently. You can apply now and not switch until you’re ready but after July 1st that choice is gone if you’ve never been on it before.
That’s not a thing. PAYE will be available to apply for until 7/1/2027. The 7/1/26 date is in regard to borrowing NEW loans.
There was a provision in the SAVE rules that borrowers not on PAYE as of 7/1/2024 could not apply, but that rules package was blocked by the courts.