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I was on an IDR when covid started, haven't consolidated, and my payment has suddenly changed to a standard plan. What to do?
I was on an IDR when covid started, haven't consolidated, and my payment has suddenly changed to a standard plan. What to do?
Abhijith Vijay, Health Insurance Expert (Seniors & Special Cases)
Answered on September 25,2023
Answered on September 25,2023
The ED is aware of this phenomenon and is working on it. If your income hasn't increased you could just submit a new application.
If doing so would cause your payment to go up, you could request forbearance until we have more information and/or it's fixed. You can request forbearance by calling your servicer
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Ultimate Guide on SAVE Plan - Payment Calculation, Interest, Forgiveness
Under the Saving on a Valuable Education (SAVE) plan, a single borrower who makes less than $15 an hour will not have to make any payments. Borrowers earning above that amount would save mor..  Click here to get a detailed guide
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