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.
By the way, for alternative repayment options.. well, I get it. What do I stay away from?
One thing you definitely want to avoid is going default! This occurs when you are at least nine months behind on your student loan. The consequences of default include damage to your credit rating and future indebtedness.
On a similar note, what happens if I don't re certify my salary and family size? What happens if I have a different payment plan?
Under this alternative repayment plan, your required monthly payment is not based on your income.
Regarding the identification of my servicer , how can I find out who my loan servicer is?