I was on SAVE. I did the application and had my taxes pulled. Payment came up as 594. Aid advantage notifed me that they received my application. I am in old IBR with 32 or 34 payments left. I received a letter from aid advantage that on May 19 I will be out of forebearance and my payments will start june 19. But the payment is showing Zero dollars. Which is not accurate. I clearly owe money. I did the recertification now bc my income for 2026 will be more pushing the payment to about 1000 plus. Any reason why it says zero dollars? And does that count as a payment?
Coming out of administrative forebearance
byu/Consistent_Ad_6400 inStudentLoans
Posted by Consistent_Ad_6400
1 Comment
To clarify, are you saying that you applied to switch to IBR and then the payment amount that was sent to you shows a $0 monthly payment? What was your AGI on the tax return that was pulled? It’s very possible they just haven’t calculated the amount due yet or it’s not updated yet on the site. If the payment period doesn’t start until May 19, then it’s likely showing $0 because you’re still in forbearance until that date when your next pay period begins. It’ll very likely be updated on May 19.