▲ 2 r/StudentLoans
Why was my accepted IBR amount so much more than what the calculator stated?
I applied for the IBR plan because it calculated a monthly payment of $54.
When my plan was accepted, the monthly payment actually leaped to $340 dollars. Which I am confused about...I have about $32,000 in student debt. My AGI is $40,000.
Every calculator/simulator I use quotes me a number way less than that amount. What should I do? I tried calling them for any explanation and all Aidvantage and FSA did was basically tell me to call the other for an answer. It seems changing plans online is my only option, but not sure which I should try especially since all the quoted monthly payments are still so much lower than the $340 dollars.
u/ComplaintOk3511 — 7 hours ago