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Was automatically moved from REPAYE to SAVE.Should I recertify for the SAVE plan before June 2024, even though my current monthly payments are $0 due to unemployment, but my employment situation will change in the next month?
Was automatically moved from REPAYE to SAVE.Should I recertify for the SAVE plan before June 2024, even though my current monthly payments are $0 due to unemployment, but my employment situation will change in the next month?
Abbey Johnson, Helping with Student Loan Documentation
Answered on September 27,2023
Answered on September 27,2023
No. The pause was a pause so you resume paying what you were paying before until you need to recertify, unless you need a lower payment. Since you were paying $0 you can let it ride until it is time to recertify.
Guide
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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