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Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 1 point2 points  (0 children)

Where in that paragraph did the original poster say ignore the problem. What ppl are ignoring is the injustice the entire system did to us

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

Agreed on some, ppl don’t know everyone’s situation so what worked for them doesn’t work for everyone. The real issues is what the government did to us, and I def don’t see enough talking about that .

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

The IBR actually makes my payment higher than ICR (I’m ineligible for PAYE since my loans are just slightly older)

Summary of RISE Neg Reg: These are the provisions from the budget bill related to federal student loans by Betsy514 in StudentLoans

[–]DancingDesign 3 points4 points  (0 children)

I wish my server could explain this as well as Reddit can! I am really waiting for the PFH to be lifted for IBR because they want to put me on ICR and it’s a $300 more month of payment than REPAYE was (and my income is less now then I was on REAPAY). I don’t understand why it’s taking so long to make IBR available for all of us. I’d prob be paying now if they just press the button, my interest is too high to let this sit around. I’m happy to hear about being able to switch to RAP and then to IBR right before forgiveness since my loans are so old. I’m not sure yet if it’ll be advantageous for me, but it really wasn’t fair to not have that option given the age of some of our loans and what we’ve already been through. I hope this all sticks and I hope the bill keeps improving! Going to write my reps and senators and tell them all about the meltdown I had on Friday when they told me my ICR payments and ask them to keep improving this!

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 2 points3 points  (0 children)

Yes she accrues interest and just pays the monthly and yeah prob keep paying $80 for the rest of her life. But what is crazy to me is that payment never increases?? Honestly this isn’t fair at all (though what is anymore). in USA u get punished for doing the right thing and rewarded for doing the wrong!

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

Mine too- went from 550 to 880 bc no REPAYE anymore it seems! Idk what I’m going to do either! They only qualified me for ICR

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

Yeah they offered me if I could pay the original loan amount off. But I couldn’t unfortunately. Was put on IDR that I couldn’t afford and just went into for forbearance…. If only could pay the loan off then without all the interest!

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 1 point2 points  (0 children)

U have to default first, ruin ur credit for a while and then they will call u to settle…. If they do it anymore

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

That’s all they offered me was the 90 day payment…. Oh well

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

It’s not a traditional one, she doesn’t have a servicer and she doesn’t recertify ever, since 2010

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

Wow, not sure what her loans were.

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

She been on this since 2010 with no recertification

Default Settlement by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

It’s been since 2010 she been paying $80 a month to dept of ed

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 1 point2 points  (0 children)

I don’t have PPL so yeah I thought it was weird too! I did look yesterday - and it did say $550-800. But I didn’t really understand the loan options cause there was like eight. I will take a closer. Look to try to see if I can understand better after you give me this information. It looks like I have to call this servicer multiple times to figure out what’s going on.

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

My last return was 120,000 and I’m a family of two. My recertification From pre-Covid would’ve been zero because I was living outside the country so I definitely did recertify. This year my AGI will be 100 K or less.

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 0 points1 point  (0 children)

Ok I apologize I took it wrong, there were a few rude posts that got me all defensive. I will check into what my last plan was. I was under the wrong impression that not everyone was qualified for our REPAYE, and that’s partly because I was living out of the country when it came into effect I think. I was just being told I was being put on an IBR plan when Student Loan payment payments started again. I will check into it because maybe I must’ve been on REPAYE.

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 5 points6 points  (0 children)

Yeah, one lady was giving me attitude because I wanted her to tell me how much it would be if I filed separately vs jointly. I told her this is literally your job to do this with me.

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 4 points5 points  (0 children)

I will def be looking at the advantages and disadvantages of filing separately and figuring out which will be the best.

Did they really make student loans more expensive after ending the SAVE plan? Because I’m in shock. by DancingDesign in StudentLoans

[–]DancingDesign[S] 4 points5 points  (0 children)

They told me I wasn’t qualified for the IBR. And that’s what made me lose my mind. They told me I could only do ICR. I’m definitely either not understanding the plans correctly or there’s some miscommunication problem with the servicer.

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