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Sallie Mae Outrageous Repayment

Valued Member

Re: Sallie Mae Outrageous Repayment

laz98 wrote:

michintom wrote:

laz98 wrote:

Those all sound like federal loans, if the DL you are referring to is Direct Loans.  You should be able to roll all of those into IBR.

Thank you for the reply.  As long as I can lower the monthly payments, it would be great.

You might have to apply for IBR more than once, if you have loans with different lenders or loan servicers, but it's worth it.

Thank you for the reply.  I'll be calling first thing on May 1st.  Smiley Happy  

Hopefully, I will be able to get to apply for IBR more than once like you mentioned.  

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Message 11 of 13
Senior Contributor

Re: Sallie Mae Outrageous Repayment

You should be able to.  If my freaking tax return ever gets processed, I'm going to put the other half of my loans into IBR as well.

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Message 12 of 13
Valued Member

Re: Sallie Mae Outrageous Repayment

If it makes you feel any better, I am currently in forbearance on what is now $225K in conslidated federal student loans :-\ No idea how I am going to make payments when the forbearance ends in June...In fact, most of the baddies on my credit report are from ignoring the issue and letting them go 150+ days late, so don't make the same mistake Smiley Happy

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Message 13 of 13