My name is Jasveen and I have $60,000 in federal student loans managed by Great Lakes. What immediate strategy is recommended for when the payments start up in January? For instance, should I opt for forbearance, an income based repayment plan or something else?
Also, Biden changed the rules of PSLF so that you on apply your past payments to it retroactively, even if you were not on income based repayment plan. I had not applied to PSLF because I worked at non-American NGOs for a couple years. Is this method recommended?
I’m a new member and I’m just looking to understand what is the plan for January in terms of actual repayment/non payment. I was not able to find any information on this on the website. Thanks!