New Email re: IDR Application
I completed an IDR at the end of June that was approved in less than 24 hours. I was one of those who was told it would be $50 in the estimate, then jumped to $330 when approved. I am waiting on buyback (2/25, IIRC) and so I requested forbearance instead so wait it out.
I just got this email and am wondering if I actually need to re-apply since I'm on forbearance? I'm in the chat queue so I figured I might as well post in case anyone has gotten this and gotten further than me so far.
Dear AgressiveCrab6702,
You recently applied for an income-driven repayment (IDR) plan to repay your federal student loans. Due to an error, you received an incorrect monthly payment amount. You must submit a new IDR application to enroll in the plan of your choosing and receive the correct monthly payment amount under that plan.
You may have received a notification from your loan servicer indicating your application was processed. If you have not received this notification, your application was not processed and has been canceled. You can confirm the status of your application by logging in to StudentAid.gov and navigating to "My Activity." We apologize for any inconvenience.