Of course. It's important for you to recertify your income and family size by the specified annual deadline.
Did you NOT recertify your income by the deadline?
No. I mean yes, but my case is a little specific.
Did you NOT recertify your income by the deadline and are you under the REPAYE plan?
Yes. That's the issue.
Then you'll be removed from the REPAYE Plan and placed on an alternative repayment plan.
What changes if I get an alternative repayment plan?
Under this alternative repayment plan, your required monthly payment is not based on your income.
That's good to know. So what types of student loans can I repay under an income-driven repayment plan?
The chart on our website shows the types of federal student loans that you can repay under each of the income-driven repayment plans.
Did you consolidate a FFEL Program Loan or Federal Perkins Loan into a Direct Consolidation Loan?