Comments on: Early Forgiveness Under SAVE: Understanding Loan Size Limits and Other Fine Print https://studentloansherpa.com/early-forgiveness-save/ Expert Guidance From Personal Experience Sat, 30 Mar 2024 13:17:17 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Michael P. Lux, Esq. https://studentloansherpa.com/early-forgiveness-save/comment-page-1/#comment-13998 Sat, 30 Mar 2024 13:17:17 +0000 https://studentloansherpa.com/?p=18185#comment-13998 In reply to Jennifer.

That is a great question, and I could have been more clear in the article.

It requires 10 years of IDR payments, or more accurately 120 months because they don’t have to be consecutive. Payments on other IDR plans before switching to SAVE wiill count.

Many borrowers will be able to take advantage of the one-time IDR count adjustment, switch into SAVE, and get their remaining debt forgiven because they have 10 years worth of payments and a small enough balance.

]]> By: Jennifer https://studentloansherpa.com/early-forgiveness-save/comment-page-1/#comment-13993 Thu, 28 Mar 2024 22:54:45 +0000 https://studentloansherpa.com/?p=18185#comment-13993 Does the 10 years start AFTER you switch to the SAVE plan or if you have already been paying monthly on time for 10 years and then switch to the SAVE plan are you eligible for forgiveness right away or do you have to pay another 10 years. Thanks

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