For those who've opted out of SAVE forbearance, how is it going? Did you recertify or applied for new IDR? How is repayment compared to pre covid on same income/family size?
SAVE vs applying for IDR
byu/Outside-Cherry3439 inStudentLoans
Posted by Outside-Cherry3439
1 Comment
I finally submitted an application to switch to IBR from SAVE. I figure I’d go ahead and submit now, since it’ll likely take the Dept of Ed 3-6 months to process my application. The backlog is insane.
Thankfully under IBR my payment is only going to be $150 a month. For reference, I owe $14k in student loans and make 50k a year.