TLDR – what should I be doing? Why does my amount jump so much. They keep moving the goalpost and information around and I cannot keep up.
Was finally able to get Mohela to correct my repayment plan along with my income recertification and it says I’m in PAYE.
It says $0 for a year, jumps to $2057 after that year for 10 years.
I don’t mind payments that make sense but that number is absurd. I’m already paying few hundred so I can stay on track.
Question:
Is that $2050 payment mean if I don’t recertify?
As long as I recertify, will I be getting a lower monthly amount (unless I somehow make substantially more?)
Is there anything I should be doing to prep or be aware of?
Please help! Don’t understanding plans and recert. Payment ballooning
byu/ZookeepergameOk6528 inStudentLoans
Posted by ZookeepergameOk6528