I have a pretty high loan balance. All of them are federal and I am on an IDR plan that I can afford. But I usually start off my day checking for student loan news and usually refresh it every hour. Is it worth checking this often and dedicating this much time to my loans?
I feel very anxious about finding PSLF work before the tax bomb (I’ve been in repayment since 2016 in the private sector but I’m hopeful to get PSLF-qualified employment soon). I’m worried always worried about some news update that will make repayment too expensive or forgiveness impossible.
How often should I think about loans?
byu/Either-Connection-70 inStudentLoans
Posted by Either-Connection-70
4 Comments
If it’s causing you stress, absolutely stop! What are you expecting to find that will change your life? Now what would change if you found that news a few days later? Probably nothing! I can understand people in SAVE actively checking since we’re waiting for changes, but even then… it doesn’t need to be constant. For you, I’d say once or maybe twice a month. I don’t anticipate a change to PSLF or other forgiveness plans anytime soon (if they wanted to, why not include it on OBBBA?), so if it’s ever proposed it’ll have to go through congress and will take time. Give yourself a break, you have better things to stress about!
No it’s not worth it at all checking that often. Think about how much cumulative time you’re spending each month hyper-fixating on the loans. Imagine dedicating all that time to something that reduces your stress instead of using it all to feel anxiety.
In reality – once you have a IDR payment plan in place, you really only need to be spending one hour per month making sure the payment has gone through correctly and on time. You can login to your loan servicer and your FSA account once a month to check everything and you’ll be good to go. If it makes you feel better, login every two weeks and check for updates. But doing it everyday is not really productive.
I’m also not sure what you’re referring to with PSLF and the tax bomb?
This feels like AI generated slop.
Uh wtf like once a year?