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Personal Finances / Paying Back Student Loans

URL:  https://boards.fool.com/i-wonder-if-the-regulations-back-that-up-ibr-29939267.aspx

Subject:  Re: IBR cancelled by faux student deferment Date:  3/27/2012  5:05 PM
Author:  aj485 Number:  4791 of 4854

I wonder if the regulations back that up? IBR grantors, after all, check the income tax return each year to at least annually reset the payment.

I'm pretty sure that the regulations would support going back to the 'standard' payment after coming off of a deferment, since it is the 'standard'. In addition, IBR repyament must be applied for, and you generally have to acknowledge during that application that you know it will take longer to pay off the loans, and it will cost you more in interest, under IBR, so automatically moving someone back to an IBR, even if they had it before the deferment, probably isn't an option.

But I am not a lawyer, so you may want to consult a lawyer if you think that ACS is not following the regulations.

AJ
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