Skip to main content
No. of Recommendations: 1
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.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.