r/StudentLoans

6h ago

u/Air8iscuitz

Standard plan question

Advice

I’m considering going onto the Standard Repayment Plan after SAVE ends, possibly just letting them move me over. I know the online calculator may not account for everything, so I’m hoping someone can help me understand how the repayment timeline would work.

Two of my loans were consolidated when SAVE was first announced. The other loan wasn’t included, so I’m guessing it was already eligible.

That separate loan dates back to 2009, but I didn’t even know it existed until 2018. It was the loan that ended up with the Debt Resolution Group. I had been making payments on my student loans, but for some reason, none of those payments were being applied to that particular loan.

My main question is: When I leave SAVE and enter Standard Repayment, would I get a fresh 10 years to pay off that unconsolidated loan, or would its age mean the remaining balance could be due in full? If neither, how would they determine the remaining repayment term.…