Does time in forbearance “stop the clock” on my repayment timer?
I’m sure this is a very basic question, but it sets my mind at ease to ask.
I have 4 loans
-$7627.78 @ 3.76%
-$4137.80 @ 4.29%
-$2160.56 @ 4.29%
-$6291.56 @ 4.66%
I graduated and made some payments, but the Covid forbearance kicked in and I didn’t make payments for a while. Covid forbearance ended, I made payments for a few months and got on SAVE. With save gone, I want to estimate my monthly payment if I were in the standard plan.
The question is then, does my time in Covid and SAVE forbearance count as time in repayment? By my math, I should have about 7 years left to pay my loans if COVID and SAVE stop the clock but if I go on the standard plan and I have to stick to my original repayment plan, I’m in trouble. If the standard plan ends up being the way to go, I can afford the ~280 a month, but if I owe all my remaining balance in the much shorter time, that’s probably not going to work.
I understand I’m pretty late in the game to be asking this, but I have to figure it out sometime and I’d rather it not be when the first payment is due.
Thanks in advance.