Okay, so like many of you I have been in forbearance through the past several years and was notified I need to recertify in the next 90 days (probably about 60 days now). I am currently unemployed, as I work seasonal jobs.
If I recertify now, I am hoping payments may be more affordable. If they force me to recertify again when my summer job starts I’m going to be screwed. I make most of my money for the entire year between Memorial Day and Labor Day, but my income fluctuates substantially through the rest of the year.
My situation is unique and I’m already trying to pay off other debt. I really don’t want to see a big chunk of my summer income go to student loans because I need that money to live on the rest of the year.
Anyone else gone through something similar and have any insight?
Anyone else need to recertify with nelnet while unemployed?
byu/seuleterre inStudentLoans
Posted by seuleterre
1 Comment
You don’t have to certify your income more frequently than on an annual basis.
Someone might choose to recertify early in case of job loss / significant income decrease.
Married individuals who file taxes jointly must include spousal income.