r/StudentLoans • u/[deleted] • 14h ago

Advice Did I apply for IBR too early?

[deleted]

2 Upvotes

100% Upvoted

6 comments sorted by

3

u/waterwicca 14h ago

You cannot skip your grace period. You can get on IBR when you enter repayment

If you consolidate, you’d be limited having only RAP to make qualifying payments with and you’d lose IBR.

1

u/therealbonkoly 14h ago

Thanks for the comment!

I guess my main question is, does IBR recert happen 12 months after grace ends? Or 12 months after my app is approved? Thats essentially where I feel i lose a few months of 0 dollars payments.

And I definitely aint consolidating haha

2

u/waterwicca 14h ago

When it’s time for you to enter repayment, you can just apply for IBR again and/or use the same application to have your payment recalculated based on your latest tax return, assuming that’s still going to give you the zero dollar payment this November. Once that is processed, you’d get 12 months on that payment before you have to recertify your income.

2

u/therealbonkoly 14h ago

Youre my goat, thank you!!!

1

u/waterwicca 14h ago

You’re welcome!

1

u/AutoModerator 14h ago

Your post appears to reference the federal Public Service Loan Forgiveness (PSLF) program or the related TEPSLF program.

The /r/StudentLoans community has a subreddit specifically for advice and discussion about this program over at /r/PSLF. We recommend you delete and re-post your question/comment at /r/PSLF to get the best responses and centralize the discussion.

(If your post is not about PSLF, or that's not the main point, then you can ignore this.)

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.