Based on the payment counter, it says my oldest Loans have 256 payments. It looks like I could be eligible for forgiveness at 240 payments. I don’t know if I’m looking at it right but if I was eligible wouldn’t my Loans have been automatically forgiven? I’m currently on the safe plan. And I’m trying to decide if I need to just wait it out or should I go ahead and reach out to my servicer for an IDR? Again, I might be looking at it wrong but it’s saying 240 but on the post I keep seeing people saying it’s 300 payments Betsy or somebody can you advise please thank you.
Posted by Jolly_Ad5072
1 Comment
You have older loans and do not qualify for PAYE or New IBR (2014). You only have Old IBR (listed as just “IBR” in the data) or ICR. You would need to reach 300 qualifying payments for IBR forgiveness.