Why did my IBR increase when I made less than last year?
I’ve had to pay $0 for the last few years. I went to recertify using my 2019 taxes and my IBR payments have now increased on 2 loans while the other 4 are on covid deferment, despite the fact that I actually made less last year than in 2018. Does anyone know why this would happen?
- 4 months ago
1st, check to see that ALL your loans are with the same servicer, and that they are ALL Federal loans. Private loans have different rules - the fact that 4 are on Covid deferment, and 2 are not - tells me you either have private loans OR Perkins Loans. You can check on NSLDS.ed.gov for your loan records - Federal Direct and Perkins loans will be there, private loans will not be there.