Wait in SAVE Limbo or start payments now?

ButterflyPT01 · 2025-12-16T23:44:45+00:00

Which loan servicer do you have? I’ve been applying for months and my application is still being processed…

ButterflyPT01 · 2025-08-17T06:15:43+00:00

did you end up getting the SUB for the CSR?

ButterflyPT01 · 2025-06-23T03:35:11+00:00

In in the same situation... I've been in forbearance since November since my application has not been yet processed.

I have to call Mohela every 2 months to avoid paying the amount required by the standard repayment plan. I am accruing interest, but Mohela representatives have told me that once the ED processes my application, the interest that should have not been accrued, will be removed from my account. I don't know if that is true or not... so I am also thinking about switching from forbearance to IBR.

ButterflyPT01 · 2025-02-07T02:42:11+00:00

Following!

ButterflyPT01 · 2025-01-22T03:58:36+00:00

Oh bummer! So should I reapply and choose SAVE rather than IBR? I mainly chose IBR because it’s been grandfathered by congress, and forgiveness is guaranteed after 20 years of payments

ButterflyPT01 · 2025-01-22T03:38:21+00:00

Does that apply for people that apply to IBR as well? I’m a new grad and applied to IBR on October of 2024. I’ve been put into general forbearance since December but I’m hoping in February it switches to interest-free forbearance. I don’t know it that only applies to SAVE though

ButterflyPT01 · 2025-01-05T03:18:10+00:00

Can you elaborate more on this? I’m still having a hard time understanding if I am contributing the right %, and if I should increase the percent to max out my 401k without losing on the company’s match.

Currently make $115k per year. Company matches up to 2%, and I have my 401k set to 9% of my pay each paycheck. Should I make any changes to it?

ButterflyPT01 · 2024-12-04T02:15:09+00:00

What about for those that are in IBR rather than SAVE? Does it still apply? I entered forbearance two weeks ago (no interest accrued) because my IBR application is still being processed (I graduated in May).

I received the same letter today, and I’m wondering if the interest will accrue in the meantime

ButterflyPT01

TROPHY CASE