I was looking at repayment options today since SAVE will be ending soon. I graduated in (2012-2016) 2016 from dental school, did a residency in 2016-2017. So I didn't really begin paying on my loans until mid 2017?
I was apart of the COVID 0% interest pause/forbearance.
I've been in SAVE forbearance since 2024.
It states about 10% of my payments have been made
When im looking at my repayment plan options, the term end date is either:
1) ICR 5 years ending in 2031
2) IBR endings in 2036.
I dont understand my term end dates are 5 and 10 years. How are these being calculated? Is this correct? It makes my repayment options insanely high.
I'll basically have to repay all my loans in 10 years!
Posted by Heligrin