I recently learned about Student Loan Planner (they have a YouTube podcast and offer loan counseling). Today I got one of their email blogs. I am pasting here thr bit that affects me. Is this true? I thought (and Ed Financial seems to think so, and my official loan simulator on Ed F agrees) that I will have an IBR option also, not just RAP or fixed standard.
Here is a copy/paste of what he wrote:
Anyone in the SAVE forbearance is expected to be told around July 1 that they have 90 days to switch to RAP, otherwise they'll be forced into a fixed repayment plan.
Choices in July for SAVE people
byu/thewalkingcure inStudentLoans
Posted by thewalkingcure
1 Comment
No. You don’t have to switch to RAP.
Read about the transition here: https://www.reddit.com/r/StudentLoans/s/BazoUbRtjx
Starting on July 1, 2026, borrowers on the SAVE forbearance will start receiving notices giving them 90 days to move themselves to another plan. If you do not switch plans by yourself then you will be put into the Standard plan at the end of your 90 days. Not every borrower will get their 90 day notice on July 1st. They will go out in waves.