Last time I recertified my income was in 2019/2020 and I had just been laid off so my income was $0. I have to had to recertify since so my monthly payment due has stayed at $0.
Now, Aidvantage is telling me I need to recertify by 5/24. Should I recertify a month and a half early to use 2024 income tax returns? My AGI was $70k, this year it will be higher (like $85k). Downside is I might have to start paying a month or two sooner because I think once I recertify it will happen immediately? (April vs June).
Any thoughts appreciated.
Posted by atarchived
3 Comments
in the same boat except i joined SAVE when i was unemployed. my loans currently do not have anything due on them and say they are in “forbearance”. im not sure what to do
If you want the lower payment then submit the application with your 2024 taxes before you file for 2025.
Submit an extension for your taxes and complete them in October
Then recertify on time and get the best of both worlds