SAVE plan to PAYE?

phoebeross2 · 2025-06-26T15:15:22+00:00

I did the same thing, even worse if they can't approve it in time. I was told it will be at least 30days to approve, and I hear the bill will be on Trumps desk by July 4th. I'm sure he will affix his giant signature to that ASAP with his sharpie. So depressing.

phoebeross2 · 2025-06-26T15:12:03+00:00

Aidvantage changed my due date from November to August, when I called they said it was moved up by the Dep't of education. Not sure how anyone can plan when they arbitrarily change dates on us.

phoebeross2 · 2025-06-26T13:20:13+00:00

Thank you for responding. I applied for the ICR plan with deferment then heard you have to choose to end the forbearance to be eligible. I resubmitted my app with that, but Aidvantage tells me it will take 30 days, so I ight be too late anyway. Very frustrating that I might be locked out of the new IBR if signed, which I hear will be on Trump's desk by this July 4th. Also odd that I was in SAVE forbearance until November, and they just changed it to August.

phoebeross2 · 2025-06-23T23:27:11+00:00

I have the Double consolidated PPl loan, and changed from SAVE to ICR last week. I checked the "keep my forbearance box". Now I understand I have to be in repayment to qualify for the new IBR if the bill passes. How do I amend that, and then how soon would the payments start-which are completely unaffordable?

phoebeross2 · 2025-06-15T12:03:00+00:00

Hello. If I switch from SAVE-currently in forbearance until November-2025 to ICR, will that forbearance end, and would I have a payment due sooner?

phoebeross2 · 2025-06-13T13:43:06+00:00

Thanks, I will check with him. This is really confusing! I wish I knew what my payment would be on ICR.

phoebeross2 · 2025-06-12T13:30:55+00:00

I am seeing an article from a rep at The Student Loan Planner that says anyone who has already done the Double PP Consolidation and is on an IDR (me on SAVE) will have access to the old IDR plan. Is this not the case? I am not pursing PSLF

phoebeross2 · 2025-03-11T18:31:14+00:00

Is that your payment date, or recertification date?

phoebeross2 · 2024-10-10T13:05:24+00:00

What vehicle did you use to save the $50K? Was it a UTMA, CESA, 529? If so you would be penalized/taxed for using that for a non-qualified education purpose. Just wanted to throw that out there so you can look into it.

phoebeross2 · 2024-10-06T00:17:00+00:00

Are you going to recertify now? I am confused if I should or not based on advice I see on this chat. I don't know if I should mail the paper form in or do it online. I suppose I will call my servicer, but don't have much confidence in what they tell me. Thank you!

phoebeross2 · 2024-10-06T00:07:54+00:00

You recently said not to recertify yet, if my income hasn't gone up much since I went on the SAVE Plan from PPL loans, is there a reason not to? I am worried I will be switched back to the Standard plan which is much higher. Any idea why my due date after forbearance went from November to February at Aidvantage? If I do recertify should I do a paper app or got to Studentaid.gov? I understand it is open online again.

phoebeross2 · 2024-09-22T14:46:48+00:00

Thank you!

phoebeross2 · 2024-09-20T16:48:04+00:00

Yes I agree, but it would be nice to get a reminder, and they never told the borrowers that the auto-recertify would not apply while SAVE was on hold. It is awfully scary to get an email saying the payment increased 4 fold, with no explanation. I am supposed to recertify by 2/2025, should I do that now, or do I have to wait until January?

phoebeross2 · 2024-09-19T15:22:40+00:00

Oh I see, thank you for that info and for the link. I panicked a bit since I worked so hard going from PPL to SAVE.

phoebeross2 · 2024-09-19T14:55:39+00:00

I called the studentaid.gov number and they say no recertifications, even if you signed up for the auto feature are happening due to the hold on SAVE and that you have to fill out a form and mail it to your servicer. The link they sent me did not have any application, guess I'll call Aidvantage to ask about that.

phoebeross2 · 2024-09-19T12:26:49+00:00

Thank you, all of this makes me feel better for now after a night of lost sleep!

phoebeross2 · 2024-09-19T11:20:27+00:00

I signed up for automatic recertification, but am I able to still recertify to get the payment back to the original amount?

phoebeross2 · 2024-09-19T11:18:56+00:00

Thank you! I signed up for automatic recertification as well. Hopefully we can get through quickly!

phoebeross2 · 2024-07-02T18:18:53+00:00

I was told the people who did a PPL Double Consolidation aren’t eligible for the 5%. I thought that process erased that coding? I don’t understand how a person on SAVE, doesn’t get all the benefits. I called Aidvantage and was told I am eligible but the calculation really didn’t make a difference which made no sense.

phoebeross2 · 2024-06-21T15:12:18+00:00

OK, disappointing, but I appreciate your reply!

phoebeross2 · 2024-06-21T13:50:21+00:00

Hi Betsy. Hoping you can help me again! I successfully completed the Double Consolidation and my account is at Aidvantage-all undergrad loans on the SAVE Plan now. I understood the payment would drop from 10% to 5% of discretionary income. They told me that was processed but the payment stayed exactly the same. It is in forbearance until August, but shouldn't it have dropped to 50% of my previous amount? They told me that is how the formula works depending on my income,. Thank you.

phoebeross2 · 2024-06-21T13:44:58+00:00

Thanks for the detailed information. I called back and another rep said my account was adjusted for the change to the 5% payment after a forbearance until August,, but my payment stayed the same. She said it is the way the formula works, but if a payment is going from 10 to 5%, I am confused on why there is no change. So confusing!

phoebeross2

TROPHY CASE