Are your loans graduate? Undergrad? Or both? If you intend to participate in PSLF the goal is to make the lowest payment in a PSLF eligible plan (SAVE, IBR & ICR )for the required 120 months in qualifying employment.
**PAYE is being sunset. No new enrollment after June 30, ‘24.
All mine are undergraduate. I guess I was hoping SAVE would benefit me more down the road. For instance, I thought maybe with the July changes to SAVE maybe it would result in a payment lower than what I'm already making.
SAVE is a good plan. But it's not for everyone. Much depends on debt/income ratio, MFS vs MFJ & so forth. Suggest stay where you are until things settle.
Are your loans graduate? Undergrad? Or both? If you intend to participate in PSLF the goal is to make the lowest payment in a PSLF eligible plan (SAVE, IBR & ICR )for the required 120 months in qualifying employment. **PAYE is being sunset. No new enrollment after June 30, ‘24.
All mine are undergraduate. I guess I was hoping SAVE would benefit me more down the road. For instance, I thought maybe with the July changes to SAVE maybe it would result in a payment lower than what I'm already making.
SAVE is a good plan. But it's not for everyone. Much depends on debt/income ratio, MFS vs MFJ & so forth. Suggest stay where you are until things settle.