https://www.cnbc.com/amp/2026/07/12/student-loans-rap-late-payment.html

Seeing this particular part for the first time. How about you?

Still show that I am in forbearance with Aidvantage and haven’t gotten the dreaded July 1st email still. Anyone else holding with me until we get a concrete deadline for the new payment plan update?

Here to pass on some advice. If you are on auto pay, check to make sure that your loans are paid up to date.

2 years ago I made an extra payment to one loan group. It advanced my due date for that one group by one year. After that year the loan was never included in my auto payments and has accrued almost 1k in interest.

Under special payment instructions make sure that you check the box for “do not advance my due date”

I’ve filed a complaint but my hopes aren’t high this will be resolved in my favor.

It’s shady as hell.

Edit to correct timeframe as I misread last payment date.

Nel Net just reached out to me about switching my plan due to SAVE being gone. My current IDR options are:

1. Repayment Assistance Plan (148$ a month, Total to be paid 53,255$, Paid off by Jun 2056, Discharge amount 36,040$)

2. Income Based Repayment Plan (170$ a month, Total to be paid 56,443$, Paid off by Nov 2045, Discharge amount 52,120$)

3. PAYE (170$ a month, Total to be paid 56,443$, Paid off by Nov 2045, Discharge amount 52,153$)

4. ICR (422$ a month, Total to be paid 80,752$, Paid off by Mar 2042, Discharge amount 0$)

5. Standard Repayment Plan (608$ and month, Total to be paid 69,260$, Paid off by Dec 2035)

I have been making monthly payments of ~675$. I'm able to afford option 5. Would this be the correct choice, or what advice would you give me for choosing a plan. My interest is currently accruing so I'd more than likely put more into my monthly payment for whatever plan I end up choosing. Just looking for opinions here.

I applied for RAP because of the lower payment, but I plan on sending in $100 instead of the minimum $10. I'll see if I can get on autopay so that I won't be late.

Edit: I've decided to just pay the minimum. Thank you all for the advice!

I got the notice from Mohela that I have 90 days to select a new repayment plan since SAVE is going away. Technically, I don't enter repayment/need to rectify until 8/2027. If I recertify now, does that start my repayment right away or will they just tell me what I need to pay next year? Anyone else in the same boat?

My wife is looking to switch into nursing in the near future, and it looks like these are our 2 main options:

1. Private Accelerated Bachelors in Nursing (ABSN) ~$80K: 16 month ABSN with totals costs of $80K all in (tuition, program fees, textbooks, exam prep, etc.) for the program. This program is significantly easier to get into compared to the ADNs in option 2, and has a NCLEX (nursing certification exam) pass rate of ~90%

2. Various Public Associate Degrees in Nursing (ADN) ~$20K: Various public in-state ADN programs; each are relatively similar 24 month programs with total costs of about $20K all in (covers everything similar to the above). These programs are more competitive to get into, and have NCLEX pass rates between 80% - 90%.

Some relevant facts about our financial situation:

1. Both late 20s / early 30s, no kids and renting, but want to buy a house and have kids in the future (4 - 6 years)
2. I make ~$200K a year, wife is currently finishing nursing pre-reqs and is a full time student
3. Spend $7-8K a month in a HCOL, we have ~2K excess cash month after investing $2.8K a month (maxing 2 Roth IRAs, Family HSA, and putting 6% into 401K to get employer match)
4. Net worth of $174K

240K Assets: (211K Invested, $29K value of car, $15K cash)

$80K Debts ($51K federal student loans avg. rate of 3%, $29K car loan 1% rate)

5) Both have credit scores >770 which seem to qualify us for private loans with rates between 4-6%

We are currently saving the $2K excess cash each month, and I expect that we will be able to mostly cash flow an ADN program, but not the Private ABSN program. My wife is still in the process of applying, however there is a solid chance that she gets into both the private ABSN as well as one of the public ADN's.

Assuming that she gets into both, are we crazy for considering the Private ABSN given the $60K sticker difference? Our rationale is the following:

1. $50K made up by finishing faster: Starting wages in nursing are $40-$50 an hour in our HCOL west coast city, assuming she can begin working 8 months earlier under the ABSN, she would earn ~50K after tax during these 8 months:

($45/hour x 1560 working hour in 8 months = $70,200 x 0.7 (1.0 - assumed 30% tax rate) = $49,140)

2) No need for ADN - BSN bridge: In the future my wife would like to get a Bachelors in nursing, going straight to an ABSN would remove the need for her to do an ADN - Bachelors bridge program, saving potential future time and money (although I have heard that employers often sponsor this, so the money factor may be greatly diminished)

3) Possible student loan employer assistance: Multiple employers in the area have advertised student loan assistance programs based on working for them for 2 years. My understanding is that most of these settings are in generally less desirable med-surge positions, and she would like to maintain career flexibility, therefore it is definitely not a guarantee we will receive any employer assistance.

4) She has a desire to be done with school as soon as possible: Getting done with school 8 months earlier and moving on to a new life stage would be preferable

If you made is this far thanks so much for reading my ramblings, would appreciate any advice and happy to provide other relevant info if requested.

Hello all, I am sorry but I am unsure what to do in this situation. I am a graduate student who has been receiving Grad PLUS loans for 3 years, I qualify for the exemption under the new act. My school is telling me that the DoE has generated an eligibility code indicating that I do not qualify. I contacted FSA who ensured me multiple times that I do qualify. What do I do? I genuinely have no idea on how to navigate this and need these loans.

I recently received a letter approving my Borrower's Defense application for several colleges. My Direct Loans were consolidated (Dept of Ed- loan servicer) before I applied for Borrower's Defense. In the letter it said my loans were discharged ($0.00 balances), but looking at the studentaid.gov, it's still processing. My question is, will the amount that was paid through loan consolidation be refunded to me eventually? I contacted one of my previous loan servicer's and they couldn't tell me anything definite.

I have 55K in loans, I make 89K and filed taxes separately. I live in NYC and have expensive living costs and I also contribute to a Tax Deferred Annuity every month, so my actual take home is much less compared to my salary. Mohela is asking me to pay 492/month. When I apply for IBR all the simulations said I would be paying 300-350/month. Does this sound right? Did Mohela or I make a mistake?

I received my letter from Mohela today about needing to switch to a new repayment plan within 90 days. I fully intend to wait until almost the last moment before doing anything. Last Monday, the 13th, I submitted my application for Borrower Defense and requested forbearance while I await a decision. My question is, do I still need to pick a repayment plan if I am in forbearance?

Hi everyone, I'm relatively new to Reddit and a first-time poster who needs advice ASAP. Sorry for the long post in advance, I think it's relevant background.

My situation: I'm currently taking prerequisites before starting an accelerated Master's program in January 2027. I just moved to my new school this past January and have depleted nearly all my savings (down to $2,000). Living expenses have risen since I arrived, and I'm struggling to afford housing, food, and tuition.

Work: I found a job two months after moving but recently had to quit due to my school schedule and medical flare-ups. I'm applying to multiple jobs now and have had one callback interview, but no luck so far. I'm hoping to work two jobs during my last semester of prerequisites, but my medical needs make that difficult.

Grants/scholarships: Since I'm taking undergrad prerequisites and don't have degree-seeking status, I don't qualify for most aid. I'm in a program at my school that offers me a guaranteed seat into a master's program once I have finished all the necessary requirements.

In-state tuition: I'm trying to qualify, which would significantly reduce costs. But I can't find a year-long lease that's both affordable and walkable to school (I don't have a car). I also can't afford the 2-3x rent deposit or furniture for a new place since my current one is furnished.

What I've tried: I've spoken with my dean of students and the financial aid office, but there's little they can do. I'm trying to change my FAFSA status from independent to dependent (even though I've been paying all rent and tuition), but my advisor isn't hopeful since I'm 22 and still in contact with my parents. The most I get currently from FAFSA is about $6,500.They suggested private loans but can't advise on amounts, lenders, or whether to take one large loan or multiple smaller ones.

My current debt: $26k in federal loans from undergrad.

My Master's program: $35k total tuition for 20 months (this doesn't cover groceries, rent, books, or other living expenses). They also don't recommend working during the program due to the pace and material being covered. I've also looked at other schools during my process, but this is still the best option for me educationally and financially.

My dad's suggestion: Take out at least $54k, but that feels like a lot given my existing debt. I also don't feel like I would get approved for this because I don't have a cosigner and would defer until I'm out of school.

Timeline: I need help immediately as tuition is due in August, and I need to move out of my current place in 10 days (need money for rent and a security deposit). I've also looked at the option of taking a semester off, but then I would lose my health insurance, might need to start paying fasfa back, and it could cause me to lose my seat in the master's program (they only allow students to start in spring/summer terms).

What I'm asking:

1. Should I take one large private loan or multiple smaller ones?
2. What's a decent APR for private student loans right now?
3. Any recommendations for reliable lenders (especially ones that don't require a cosigner)?
4. Any other options I might be missing?

I'd really appreciate any advice. Thank you.

I'm posting this because I don't think most current graduate students realize these changes even exist. Under OBBBA, students who qualified for the interim ("legacy") exception may only retain access to the old federal loan rules until their Expected Time to Credential (ETTC). There is growing concern that if ETTC is based on a program's published full-time completion time, students who have always been enrolled part-time could lose legacy eligibility before finishing their degree. For many students who rely on federal loans, that could mean being unable to finance the remainder of a program they began under completely different rules.

'm also hoping to hear from students at other universities. Has your school explained how it's calculating ETTC? Has anyone received a written determination or been told how part-time enrollment affects legacy eligibility? The more information we can gather, the better we can understand how these changes are actually being implemented.

So I’m in my last year of school after several years off. I have a job working for the state when I graduate that is eligible for PSLF. I was previously enrolled in SAVE but of course that ended and my payments are currently deferred since I’m in school. Once it’s time to start paying what is my best option? I want the payment to be a low as possible obviously, and want to make sure they all count towards PSLF which will be 10 years of payments. My total loan balance will be about $58k and I’m scared my monthly payment will be crazy.

Hi :')

I'm a 21-year-old Medical Laboratory Science student, currently in my last year (woohoo!). I honestly never thought I'd be making a post like this, but here we are lol.

I've been thinking about taking out a loan to pay for my tuition (it's around $800 USD) and I have absolutely no idea if that's a smart decision or if I'm just desperate at this point.

A little background: I moved away from home for school, so aside from tuition, I also have rent and bills to worry about. I'm lucky enough to have a government scholarship, but the stipend is always delayed, and when it finally arrives it basically just goes straight to my rent and utilities.

My family's financial situation also changed a lot over the last couple of years. We used to be able to pay my tuition without too much trouble, but now we're struggling just to keep up with installment payments. My mom is a teacher and she's pretty much the only stable source of income right now, so I really don't want to keep asking my parents for money when I know they're already stretched thin.

People always suggest getting a part-time job, and trust me, I would if I could. 😭 The problem is I'm doing clinical rotations for about 32 hours a week, plus classes, assignments, and studying. By the time I get home I'm usually exhausted. I know some people somehow balance work and school, but I honestly don't know how.

I've also applied for a couple of other scholarships/financial aid programs, but they're still being processed, so there's no guarantee I'll get them in time.

I'm just... stuck.

Part of me thinks taking out a loan is the only realistic option because I'm literally so close to graduating, and I'd hate for money to be the reason I don't finish. But the other part of me is scared of getting into debt, especially since I know nothing about loans or personal finance.

If you were in my position, would you borrow the money? Or is there something else you'd try first?

I'd also love to hear from anyone who got through college while dealing with something similar. And if you know any flexible side hustles that actually work with a busy student schedule, pleaaase tell me.

Thanks for reading my mini life crisis 😭

Hello I was wondering has anybody ever submitted a reaffirmation agreement to Mohela? Last week my school informed me that I exceeded my annual limit and was no longer eligible for Direct Loans. So they told me I would need to apply for a private loan because I have no other options. I did that and now they are telling me that they can’t certify my private loan until I do a reaffirmation agreement and that has to be processed. I’m not understanding why I even have to do a reaffirmation agreement if they are telling me, I don’t qualify for any more direct loans anyways. Why not just approve my private loan certification?

I’ve heard the end of July, but I’m seeing the end of September. How panicked should I be about being forced to a plan come august 1? I’m with Aidvantage if that matters.

Does anyone’s student aid page have a recertification date of one date, 11/04, whereas their loan servicer Nelnet has an earlier date by almost a month, 10/10?

Which date are you going by?

Thanks!

So I am currently in PAYE, but have to recertify. I have been out of undergrad for 8 years now, 2 years since grad school (degree I never should have gotten, might never really utilize).

Balance is ~$145k. Current payment is $124/month.

I personally only make ~$65k/year. My husband makes ~$90k. We filed jointly this year, but will not be doing that again tho. I also sold a house, and had an extra $55k (capital gains) added to our AGI for this year.

I plan on having my servicer calculate my payment based on paystubs (because that extra $55k is gone/can't help me pay), but here is info based on the repayment calculator. I'm just trying to figure out what would be best, including the possibility of any forgiveness/discharge in the future.

The plan I can afford is Ext Grad, but I don't want that to mess with anything- or make me ineligible to get on IBR/extend "forgiveness" (the best for my solo income) next year.

I just *can not* really afford $1000-1500+/month. My husband has private loans of his own that take up a good chunk of his income.

Based on auto-tax info:

Ext Grad: $638-$181 - Total Repaid $260k - $0 Remaining - Nov 2049

Ext Fixed: $888 - Total Repaid $245k - $0 Remaining - Feb 2050

RAP: $1500 - Total Repaid $182k - $0 Remaining - Jun 2035

IBR: $1500 - Total Repaid $185k - $0 Remaining - Jul 2036

(PAYE is $1200/month, but doesn't give other details since it is ending)

Based on Manual Info, with our paystub AGI:

Ext Grad: $638-$181 - Total Repaid $260k - $0 Remaining - Nov 2049

Ext Fixed: $888 - Total Repaid $245k - $0 Remaining - Feb 2050

RAP: $1100 - Total Repaid $197k - $0 Remaining - Jan 2039

IBR: $1300 - Total Repaid $190k - $0 Remaining - Apr 2037

(PAYE is $900)

Based on MFJ, just my income (thinking about next year):

Ext Grad: $638-$181 - Total Repaid $260k - $0 Remaining - Nov 2049

Ext Fixed: $888 - Total Repaid $245k - $0 Remaining - Feb 2050

RAP: $333 - Total Repaid $284k - $0 Remaining - Feb 2056

IBR: $427 - Total Repaid $187k - $103k Remaining - May 2050

(PAYE is $284)

Like the tittle said, I have about 9k in my saving account. I only earn about 2$ interest every month while my loan interest rate is 6.7%. I am currently a second year pharmacy student. I want to use the money to pay part of the school tuition, but I am scared of not having money in case of emergency. I am currently working part-time as an intern. Should I just not worry about the student loan until I graduate? I have read a lot of stories about people struggling to pay off their student loan and I am scared.

Hi! I’m stuck between college ave and Sallie Mae? Any advice??

Hey yall. Anyone here recently go through the SAVE to IBR process? I’m curious how long it’s going to take to go through. I applied for IBR and requested to be placed into forbearance during it (through StudentAid), and it seemed to have knocked me off of my forbearance with Mohela? Applied like 6/28. And it’s saying my forbearance is ending 8/2 but I’m still in SAVE! I haven’t been making SAVE payments because I’m going for PSFL, and payments on SAVE don’t count towards that number.

Curious if it’s going to take a month? Many months? Anyone else waiting? Thanks!

I’m currently in a very sticky situation and am not well versed in finances or anything, so please forgive me. Due to a plethora of crazy factors and issues, I currently have an overdue balance of $15k from my first year of university that has been sent to an outside collection agency and must be fully paid in about a month if I want to be able to return this semester. My family can pay a bit over half in time, but I was wondering if there were any private student or personal loans I could use to pay the other half in time? Just struggling to find any information for my situation and would love any and all advice. Thanks!

And how do I know if I have them? Is it possible that while I received ghost credits from when was a full time student from 2012-2016? Why can’t the government just put up the dang counter???

I'm currently on the SAVE plan through Advantage. I've gotten all the emails and letters telling me I need to switch to a different payment plan starting July 1st (and 90 days thereafter) because SAVE is dead and I could risk higher monthly payments.

But then I see news about continued lawsuits and motions regarding SAVE and I'm just. Confused? I admit I don't have enough knowledge on the subject, so I ask here: what am I supposed to do? Just go ahead and apply for a new repayment plan? Or stick it out and see what happens?