General Politics Discussion (X) [ARCHIVED] • Page 1415

Seems a ton of servicers are not showing correct information for folks making the determination of payment plans not ideal. I have read that a ton of people are having to call their servicers to get this information updated. My payment seems to be showing higher than it should on the new plan so I will be calling the servicer to see about how to correct this.

 

Wait so I should call navient or wheover and ask them to help me with setting up my REPAY plan?

 

I had to go through the studentaid.gov site rather than my servicer. Which might be why it’s all messed up. They have my payment at way more than 5%of discretionary income even under their dumb calculation

 

Only if you are seeing a higher than normal payment. Like my payment amount makes zero sense for REPAY, its higher than what my current plan is and by a good amount. While according to the calculator I have used and the formula I have looked at it, I believe it should be lower actually.

Seems like this problem is more common than not but folks are not checking this before opting in to REPAY, when I would just confirm your amount using that formula I posted or studentaid.gov calculator.

This gave me some insight into this:
https://www.reddit.com/r/StudentLoa...ave_payment_is_higher_than_what_it_was_on_my/

 

Like please folks do not assume the amount you are shown for REPAY is correct. Check that shit based on the formula or the calculator that is available.

 

So glad to learn I have to call and wait two hours for them to get the correct amount. How many people are just going to pay whatever is shown because they don’t know? Good thing they made sure they can’t extend the pause for this shit

 

Also the drop from 10% to 5% which happens on July 1, 2024 takes my estimated payment down almost $150 bucks on SAVE.

I am going to sit down and look at everything using my tax documents and actual loan amounts. Run the calculator with that and then jump back in and see where I am actually at with what they are showing me.

 

Oh that doesn’t even happen until July 2024!? lol why?

 

I believe that is the actual laws fault and not Biden's fault as much as I want to blame him.

This link has a ton of good info too

The Future of IDR is SAVE: Changes Coming to REPAYE, PAYE, IBR, and ICR

 

Yeah but he could have extended the pause until then no? He didn’t have to give in on the pause lift.

 

There is also some theory here that if your income has gone up significantly since 2019, that you might just want to ride out that payment until it comes up for income recertification. It seems that some plans now do self reported income which seems easily manipulatable also recertification is not happening for at minimum (depends on when you last did it) six months until after resumption of payments for anyone in those types of plans.

This shit is like a fucking puzzle.

This link gets into it:

IBR Payments, the Repayment Restart, and IDR Certification Deadlines

 

Hmm so they can’t come back and backdate an underpayment based on your tax returns? I don’t know, seems a little risky

 

Can’t wait to continue not paying my federal loans. Have never proactively paid them a cent since graduating and my credit score is still over 700…it’ll take them to probably 2025 to get a garnishment in place again, and even that will be lower than the current repay option.

 

This Is How Much Workers Demand for a New Job | SoFi

"As a result, the average full-time job offer price tag jumped to $69,475 in the past year — a 14% increase year-over-year. That said, it remains almost $10,000 below the average worker’s preferred pay. Digging deeper, men demand a wage floor of $98,644 on average, while women demand just $66,068."

 

Skill issue

 

he got hit in the nuts

 

Lol

 

I was just about to post that. The guy didn't know what he was getting himself into here, for sure.

 

I still don’t know who that is or what he does

 

He makes Youtube videos for children and pretty good chocolate bars

 

He is a Youtube guy who gives away millions of dollars to random people.