When does IBR loan payment amount change?

Started by infopedia
This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

infopedia

New Member
10+ Year Member
Advertisement - Members don't see this ad
Just curious if anyone out there has had their loan payment amount change based on federal tax filings? It is my understanding that they will automatically recalculate your IBR payment with your new AGI. Anyone experience this yet?
 
Last edited:
I believe mine happened in February. I'm required to update my information every December, which works out well given that I just send in last year's income tax returns.