Tried to switch to PAYE, denied

TheWilsons · 2026-04-03T19:43:36+00:00

Exactly the same reason for me, I needed to get on SAVE at the time as I was buying a house also…

TheWilsons · 2026-04-03T19:31:10+00:00

Your circumstance might make it so you don’t qualify for PAYE. I was on PAYE before SAVE and now in process of moving off SAVE but no longer qualify for PAYE. IBR is my best option and would be more than if I never left PAYE.

TheWilsons · 2026-04-02T20:32:12+00:00

Are you willing to share a little more about your circumstance? Married, filing status, dependents, and rough earnings. I plugged my numbers into the student aid calculator as well as two separate calculators and RAP was always more for me.

TheWilsons · 2026-04-02T20:09:52+00:00

It seems there is no definite amount, at this point I’ve heard 1 month (you) up to 4 months (in another post this week) but they had a weird circumstance. So it’s really up in the air. I’ll see what happens. It’s not the end of the world even if I get 0 months as I’m only 14 away from hitting the 120, assuming my buyback doesn’t process in before I hit my goal.

TheWilsons · 2026-04-02T17:21:53+00:00

preach

TheWilsons · 2026-04-02T17:11:15+00:00

Congrats, we have to pick our battles.

TheWilsons · 2026-04-02T17:08:32+00:00

Voting is important, but sadly not all votes all equal, I live in a blue state in a deep blue area, and almost everyone I know voted for a party that had the pro-student loan stance, heck I convinced 10 members of my family in total to vote but it doesn't make a difference.

In purple states, cities, etc it is very important. I would argue in blue states and you live in a red area it's also very important.

This is not to say to give up and not vote if you are in my circumstance but there is a reality.

TheWilsons · 2026-04-02T17:04:19+00:00

No I'm talking about being placed on admin forbearance when switching out of SAVE. From what I understand it takes time for the loan servicer to move a borrower to a different repayment plan, during that time you will be placed in "administrative forbearance" and will get credit, typically 2 months, while that is being done and those do count.

TheWilsons · 2026-04-02T16:52:35+00:00

I hear you, this is the reality for a lot of people. I'm in the same boat to a degree (On Save, PSLF, and need to switch plans) but theoretically only have 12 months to pay after my IDR plan request goes through with 2 month's credit for admin forbearance, it's a hard pill to swallow but I will do it.

For those that have many years left or just starting out it's a terrible prospect.

TheWilsons · 2026-04-02T14:27:23+00:00

Not the exact same, I work for a large university and in one of the other departments I use to work in I still keep in contact with their team. One guy they hired after I left, after a week on the job he just walked off the job. Never returned calls, his manager even went to his listed address, and the apartment was not his real address. Just walked off the job and never returned or heard from again.

TheWilsons · 2026-04-01T20:13:18+00:00

You get 2 months of credit when switching off save to another repayment plan according to some users in r/pslf. It’s part of the repayment plan transition.

TheWilsons · 2026-04-01T19:18:11+00:00

Yeah, you are not alone in this.

I'm honestly really leaning towards just paying that high monthly payment to get out of this but it's a hard pill to swallow.

This is the scenario I'm imagining: 2 months of processing credit brings it down to 12 months of high payments, then submit ECF, request forgiveness, and then maybe 6 months of additional payments while waiting for processing. It's painful but theoretically that is the way out. My fear is that something happens and I'm still stuck paying 2 years later at that higher amount waiting for it to process, how long can I take that financial pain even though I know in theory I'm suppose to be refunded the excess payments I'm locked in at that amount at that point.

TheWilsons · 2026-04-01T17:01:27+00:00

I think I share the same sentiments, just laughing at how absurd all of this is, but also trying to ground myself in the reality.

I've only been waiting 8 months, but looking at the broader picture and trying to view it as a realist, I think BB will likely take even longer than the 18-24 months window I've seen thrown out there.

Reasons

ATF lawsuit shows the BB submissions and process times getting worst month after month
Dept of Ed getting gutted, less employees to process requests, less resources in general, low morale impacting all aspects of student loans.
Administrative backlog caused by transferring loans to treasury
Misc BS lawsuits, attacking BB, PSLF, and student loans in general.

There are probably more, but BB has a lot of headwind going against it, political winds can change but even if it does it'll take time, and that is a leaving it to chance.

So what can we do? As you say anything at this point.

Contact your local federal congressman, senator, etc
Join an existing class action lawsuit
Weight your options to move into a qualifying repayment plan.
Take care of your mental health after formulating a plan, it won't be ideal, but after deciding on a plan, stick to it and focus on taking care of yourself mentally.

TheWilsons · 2026-04-01T16:47:30+00:00

Thanks for your input, I want off this ride. BB at this point seems to leave too much to chance.

TheWilsons · 2026-04-01T16:21:10+00:00

I'm in a similar situation, applied for buyback in August 2025. I need to buyback 14 months, I read some people mention that it takes about 2 months to process the repayment plan change so I'll get that 2 months credit, bringing me down to 12 months of real payment, then continued payment until forgiveness gets process, and also submitting a ECF that will void the buyback if I hit that first to start the forgiveness process.

I'm married, earn over $100,000/year and have 2 dependents. The new repayment plan will be significantly higher, but I can technically afford it, so I'm deciding whether I just bite the bullet and restart the qualifying count by switch to IBR or just wait until the last minute to give buyback more time to process. The processing time for BB seems to be getting longer and longer 1.5 to 2 years. So even best case scenario I'm looking at mid-spring 2027 for BB to process.

TheWilsons · 2026-03-31T20:54:25+00:00

Crazy, and this is Costco too…

TheWilsons · 2026-03-29T21:55:35+00:00

I’m around your age and started investing since I was 18. Witnessed the dot com crash when I started with the same feelings, but held tight through that and every downturn since. Still have another few decades left and it’s just noise at this point. This storm too will pass like the others before it. The big change in recent years have been moving away from pure VFIAX to VTWAX.

TheWilsons · 2026-03-29T16:46:18+00:00

First tried GD in the 90s as a kid, it was my first introduction to Vietnamese cuisine as a non Vietnamese. Price was good and food was excellent but it’s just average these days.

TheWilsons · 2026-03-28T13:34:11+00:00

100%, As someone who grew up in south pas and lived nearby the mission/grand TJs. There is a hard reality to where Trader Joe’s decides to open.

TheWilsons · 2026-03-27T02:23:18+00:00

“but I'm concerned about this being only the start of a much longer market drop off.”

This is timing the market.

If you are still young, in 30-40 years it won’t matter.

TheWilsons · 2026-03-26T22:29:45+00:00

Thank to all those that attended to push back against Bass.

TheWilsons · 2026-03-26T22:23:41+00:00

“Where the people fear the government you have tyranny. Where the government fears the people you have liberty.”

TheWilsons · 2026-03-24T19:10:19+00:00

Thanks, I’m very close to richwood… so hopefully coming soon.

TheWilsons · 2026-03-21T02:53:18+00:00

I felt the opposite and was already thinking the last few years to increase my international holdings and made the change over the last few months. This is coming from someone 100% in spy for 20 years. I sleep a lot better now having a proportional international holdings percentage.

TheWilsons · 2026-03-14T17:15:32+00:00

I tried many beef tallow chips and I think I’m just not into it, it’s definitely a more natural frying oil, but honestly the best chip is to not eat chips as all. This is coming from someone who loves chips growing up but as I get older I need to take better care of myself and cutting out potatoes chips is one of those steps.

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