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- Joined
- Jun 12, 2006
- Messages
- 3,839
- Reaction score
- 184
PAYE has lower payments than REPAYE. While the interest subsidy in PAYE isn't as great as REPAYE don't worry about that now for the next 6 months. Just stay in PAYE and make up your mind how long you'll be in training and if you are going for PSLF. There's a lot of variability on what's better for you but depends if you are doing PSLF, end up getting married and how you file taxes, and if your spouse has loans/high income.
Your interest is 0% for the next 6 months. Your $0 payments for the next 6 months count as payments for PSLF due to the CARES act. If you are in training for 9 years strongly consider working for public service as you final year payments will be based on half a year of fellow salary and the other half attending. Then do whatever it is you want to do that makes you happy.
As for your old payments I hope you kept records. On studentloans.gov you can also check all of your history. It's very possible Fedloans screwed up calculations. Other than the 6 month grace were you in administrative forbearance during repayment plan changes? You can have them do a manual recount. Right now they are a little busy though fixing all of our accounts due to the CARES act. Wait until after 4/10 to contact them.
Your interest is 0% for the next 6 months. Your $0 payments for the next 6 months count as payments for PSLF due to the CARES act. If you are in training for 9 years strongly consider working for public service as you final year payments will be based on half a year of fellow salary and the other half attending. Then do whatever it is you want to do that makes you happy.
As for your old payments I hope you kept records. On studentloans.gov you can also check all of your history. It's very possible Fedloans screwed up calculations. Other than the 6 month grace were you in administrative forbearance during repayment plan changes? You can have them do a manual recount. Right now they are a little busy though fixing all of our accounts due to the CARES act. Wait until after 4/10 to contact them.
- Joined
- Nov 16, 2009
- Messages
- 852
- Reaction score
- 284
Request a recount. It will take a few months.
