Switching loan forgiveness plans

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Gemini
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Joined: Thu Mar 11, 2010 9:23 pm

Switching loan forgiveness plans

Postby Gemini » Tue Oct 31, 2017 2:03 pm

I got a raise at my government job recently, and I made the mistake of telling that to myfedloans when I went to recertify for my PAYE loan. You know the question: "has anything changed..."

But now my monthly payments next year have increased by a higher percentage than the raise I got (I believe they calculated poorly last year to my benefit).

My question is should I switch to a different payment plan, such as REPAYE or IBR?

Thanks!

ETA: does anyone have a link on how they determine the monthly amount?



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