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forbearance vs IBR

Discussion in 'Financial Aid' started by JebalYakde, Feb 13, 2018.

  1. JebalYakde

    JebalYakde 2+ Year Member

    Apr 16, 2014
    I am taking an year off from school due to family emergency.

    I am wondering if IBR($0 payment) is better option compare to forbearance.

    Thank you,
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  3. RangerBob

    RangerBob Not a real ranger... 5+ Year Member

    Sep 16, 2012
    I'm not sure if there's really any advantage with doing $0 IBR payments, unless you plan to aim for the 25-year IBR forgiveness. But if you did $0 REPAYE, then your interest will be effectively halved during those payments (the gov't subsidizes half your unpaid interest). That's the route I would go. I am not sure if you can start payments until you use up your 6 month grace period however.

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