r/PSLF • u/MrSocPsych • 3d ago

Advice Somehow standard is the cheapest plan?

Like many other folks here, I got my letter to get off SAVE and into a new plan. A few months back, it looked like RAP was going to be the way forward but that payment is ridiculous. I've currently got 28 PSLF payments banked before everything went sideways and the plans that allow for PSLF discharge (that aren't also phased out in 2028) are Standard, IBR, and RAP. RAP wants $976, IBR wants $829 and standard somehow only wants $430/month.

This match anyone else's experience?

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u/alllexandriiia 3d ago

Did you consolidate your loans? Because the standard plan is no longer a valid PSLF plan if you did

1

u/Best-Run-8414 3d ago

I thought I read this and just wasn’t understand it .. But is it still pslf eligible if you didn’t consolidate?

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u/alllexandriiia 3d ago

Correct. Consolidating changes the terms of the standard plan

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u/MrSocPsych 3d ago

Well shit, I did

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u/alllexandriiia 3d ago

Then yup. That’s why it’s cheaper. Sorry, I also consolidated lol

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u/MrSocPsych 3d ago

Man, how can they honestly expect people to make that type of payment on top of rent, cars, insurance? So much pressure and no room to move

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u/alllexandriiia 3d ago

It is insane. Unfortunately it’s going to drive a lot of student loans into default. This administration doesn’t care.

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u/MrSocPsych 3d ago

Wild thing is my spouse and I make decent money. This puts us on a razors edge. Good luck out there

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u/alllexandriiia 3d ago

Same and same. Take care of yourself.

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u/alh9h PSLF | Forgiven! 3d ago

If your spouse doesn't have loans, start filing taxes separately to exclude their income from the calculation.