Even though you may have a COVID-19 forbearance, don’t wait to apply or recertify your income based repayment plans.

If you’ve got federal student loans, you’re probably on a COVID-19 forbearance until December 31, 2020 (if you’re not, you should be). That shouldn’t keep you from applying and/or recertifying your income based repayment plans now. You can get credit for the ongoing months towards your repayment plan without making a payment and you can lock in your payment amount for a year. This is especially good if you qualify for a $0 payment because your income was affected by COVID-19. If you have questions, message me. I help people with student loans.