Comments on: Making Sense of Self-Certification of Income for Student Loan Forgiveness https://studentloansherpa.com/self-certification-of-income/ Expert Guidance From Personal Experience Mon, 11 Sep 2023 14:12:54 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Michael P. Lux, Esq. https://studentloansherpa.com/self-certification-of-income/comment-page-1/#comment-11884 Mon, 11 Sep 2023 14:12:54 +0000 https://studentloansherpa.com/?p=16050#comment-11884 In reply to Albert.

What you are hearing about with 2019 AGIs probably refers to the fact that when repayment resumes, borrowers have the option of using their IDR plan from before the pause. However, if someone is signing up for SAVE (if they were not already on REPAYE), they would have to use their current income.

]]> By: Albert https://studentloansherpa.com/self-certification-of-income/comment-page-1/#comment-11742 Sat, 09 Sep 2023 15:50:21 +0000 https://studentloansherpa.com/?p=16050#comment-11742 Can you touch on self-certification and the SAVE plan? There are no income limits for the SAVE plan, so how should borrowers report their income? For instance, I am hearing more and more about borrowers choosing not to wait for servicers to recalculate a new payment and and are reapplying for IDR with their 2019 AGIs because that was the last year of income certification prior to the COVID pause. If income has increased since then, should borrowers use their most recent AGI? This seems unfair to me, because if left alone for the servicer to recalculate correctly, they would most likely use the 2019 AGI as that would be the last income they’d have.

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