I was on an IDR when covid started, haven't consolidated, and my payment has suddenly changed to a standard plan. What to do?

Related Questions

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  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Do the 3 years of the COVID student loan pause count towards the loan forgiveness for the standard loan payments plan?
  There are 2 kinds of repayment plans—the kind that are designed to pay your loans off after x number ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Should I consider consolidating my federal student loans, which have varying interest rates ranging from 2.5% to 5.05%, now that the grace period is ending and interest rates are starting up again? I've also heard about different repayment plans on FAFSA, like the SAVE plan, but I'm not sure how they work. What would be the best approach for paying off my total student loan debt of $60,000, with $30,000 each from Federal and Private, considering my private loan interest rate is 5.64%?
  FAFSA is the Free Application for Federal Student Aid and it is the thing you fill out to get ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  How can I make sure my student loan repayment years count towards forgiveness with an undergrad FFELP consolidation loan and multiple grad school loans? I'm close to the 25-year requirement, but my income may be too high for IDR plans. Should I consider the SAVE plan for higher payments?
   Take the federal poverty level for your family size and multiply it by 2.25. Take whatever number you get ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Should I consider speaking with a supervisor or exploring other options to lower the monthly payments for my $25k NELNET loan and my own loan to make them more manageable?
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Why does the loan consolidation for my $98,000 in graduate loans under SAVE result in a total payment of $198,000 over 25 years, doubling the loan amount, despite my understanding that interest would be waived? Is there something I'm overlooking compared to PAYE and IBR plans, which calculate a total payment of $167,000?
  98000 at an example 6% interest, accrues approximately $490 a month in interest. If you pay $436, they waive ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  How to calculate SAVE Plan payment for Student Loan?
  For anyone having trouble calculating their estimated SAVE plan payment. Monthly SAVE plan payment equals: (AGI - (2.25*PL)) X (0.1/12) If you ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  If my student loan repayment is $0 a month on the SAVE plan, am I still gonna get charged interest even if I’m following the “rules” of my plan and not paying anything?
  Interest resumed effective Sept. 1, 2023. Under the SAVE Plan, if you qualify for a $0 payment, interest is ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Why doesn’t the government take into account my high cost of living area or other debts in my monthly SAVE payment of Student loan?
  You chose to live in a high cost of living area and the government isn’t in the business of ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Are there any tricks with the SAVE plan to optimize repayment of Student loan?
  There’s a trick utilizing money market accounts and high yield savings accounts when you’re receiving an interest to optimize ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Will making a $10,000 lump sum payment on my $50,000 Parent PLUS Student Loan lower my monthly payments? Need advice on contacting Mohela.
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Do I still need to “make a payment” if my payment is $0 thanks to SAVE student loan plan?
  No, you don’t need to do anything.Set autopay to 0.
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Why my credit score went down when I pay off my education loan?
  It’s temporary and it happens with everything because of the whole age of accounts and the way they calculate ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  When I filled out this year's application, it clearly stated I can only apply for IBR. Now, I have read that for starting balances of less than 12k with 120 payments; the balance of loan will be forgiven. To accomplish forgiveness, I will have to consolidate and apply for repaye/save before 12/31/23? Loans are FFEL at the moment and I have been on an IBR for years
  FFEL loans don't qualify for SAVE, the only income-driven repayment plan they can go on is IBR If they are ...
  
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