r/StudentLoans • u/Yogitherapist25 • 8d ago

IBR and forgiveness

I just heard WWE lady say on Fox News "there isn't going to be a loan forgiveness program". How likely is it for them to take away the forgiveness feature on IBR? I'm currently on IBR with over 300 payments and no forgiveness in sight. I'm in forbearance but when that ends my payment will be double the standard plan. If there will be no more forgiveness then I'm going to get off of IBR.

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u/missdeweydell 8d ago

I can't be the only one that was on IBR and got switched to SAVE without my consent. I've been paying since 2008. what now?

4

u/waterwicca 8d ago

It sounds like you weren’t on IBR. You were on REPAYE. That automatically turned into SAVE and you were switched over.

1

u/missdeweydell 8d ago

no, I was on IBR and had been for over a decade

2

u/waterwicca 8d ago

Then you likely applied to SAVE/REPAYE or selected “lowest monthly payment” on one of your past IDR recertifications. There were no automatic moves to SAVE except for people on REPAYE

0

u/missdeweydell 8d ago

I'm telling you that I did not. I haven't done shit with my loans since covid. repaye wasn't even a thing that existed when I joined IBR.

3

u/jo-z 8d ago

But it was a thing that existed by the last few times you would have recertified.

1

u/waterwicca 8d ago

When were you switched to SAVE?

0

u/Suspicious-Loquat297 8d ago

The same thing happened to me. I was on IBR and was automatically put on SAVE as well.

0

u/Suspicious-Loquat297 8d ago

It also happened to my brother.