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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?
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Abbey Johnson, Helping with Student Loan DocumentationAnswered 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.
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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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