I graduated in 2024 and I’ve been in forbearance since then. I applied for IDR plan in November of 2024 and it has been “in review” this whole time.
I received a letter stating my forbearance will end on 5/26/2026 and next payment is due 6/26/2026. However, my account also says my next payment is due 11/4/2028. I called Nelnet to inquire. They stated that these letters are sent in 20 month increments and that the letter is not correct. Instead, the 2028 due date is correct as another forbearance is being implanted (this is what the rep told me).
He stated I could sign up for PAYE today and have a monthly payment of 419/mo for the next 12 months but I declined; he stated I will not be able to sign up for PAYE after July 1.
This 2028 date makes no sense. I’m wondering what other peoples experience is.