It is vitally important to carry out such processes by the specified annual deadline to avoid penalties.
If you do not carry out such a process, I recommend that you recertify your income on the stipulated date.
Can you tell me more about it?
If you do not carry out the process in the time limit, you will be presented with other options that you should take into account.
Can you advise me more about that particular case please?
Unfortunately, no relevant information is found.
Can you explain what the AGI consists of?
Before continuing, can you tell me if you filed the federal tax return?
What would happen if I did not do it?
It is important that current income is not different with what you reported on the tax return.
What would happen if I did not make the declaration in the last years?
It can also be adjusted gross income or some alternative income report.
Another query regarding the standard repayment plan. Do we have the option of selecting a payment plan?
You have the option to choose a repayment plan. If you don’t choose a repayment plan your loan servicer places you on the Standard Repayment Plan.
Is there any other options for me if I've missed one or more loan payments?or if I can't make payments at all?