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I mean you can refinance… but you lose federal protections
They don’t take dependents into account on the forms? That seems insane to me.
Did you link to your last IRS tax return too? $1,400 a month seems crazy with providing for that many—unless you have a spouse with income that’s adding to it?
Can you move out of NY? How much do you make?
Depending on how much you’ve got left, may be worth moving to a different payment plan. I was on IDR w just $16k left (once $100k), but with interest coming back online and providers changing and general confusion (SAVE plan does no better for me) my IDR monthly payment became $1,300. I changed to a graduated 20year plan and it dropped my mandatory payment to under $200. I still plan to pay way more monthly and finish it off in a year or two, but switching to graduated gave me a lot of breathing room
Hey OP, which IDR plan are you on, and did you have them run the estimates on other options? I called my loan servicer when they rolled out that new plan, and it lowered my payments a lot, but some IDR plans are better than others depending on your personal situation. They should be taking your dependents into account as well; I know they asked me. Otherwise, maybe try to find a financial planner who specializes in student loans (they exist, I promise; try googling Jessica Medina to get an idea of what to look for near you). Good luck!
I’m following for any info shared on this thread. I’m in a similar boat $1300/mo. My servicer initially had me on an IDR plan at $550/mo but then it was updated specifically to the SAVE plan. I contacted them to try to get back to the $550/mo but no luck - they just put me back on the SAVE with the same $1300/mo.
I think I'd try to switch payment plans, but agreed with the others in the comments that it seems like they aren't taking dependents into account