Tampa Student Loan and Bankruptcy Lawyer Blog — February 18, 2020
Many of its functions may be discontinued or transferred to other federal or state agencies. Many of its functions could be discontinued or transferred to other federal or state agencies. You may be required to prove loan payments, balances and other information to protect yourself if a systemic change is inaccurate. We would suggest that you download your StudentAid.gov records (NSLDS file, dashboard screenshot, PSLF and IDR tracking details), and your loan servicer records (payment histories, key notices/letters).
Keep this information just in case.
Especially the IDR tracking details. Keep in mind a few things if you have fewer than six months left. If you only have a few months to go, you should consider enrolling in an Income Driven Plan, such as IBR, Paye, or Paye Plus (if you are eligible and want the 20-year plan instead of 25-years) to get your forgiveness approved. If you are approved for forgiveness now, it will be tax-free (until December 31st 2025 and your loans are unlikely to be reinstated). The political climate may not guarantee forgiveness in the future. Although we don’t anticipate plans like IBR to disappear (they are already built into your Promissory note and Congressionally passed), the terms may change.
