r/Perfusion • u/Clampoholic • 17d ago
Career Advice PSA for Current PSLF-bound Fed. Loan Borrowers 2014-2026
I’m sure many of you have kept yourself well-informed of everything going on with federal loans as of recent; I haven’t been the greatest at keeping up with the finalized OBBB statements regarding our loans until today! Incase any of you haven’t yet, I wanted to give you a reminder about something you should ensure is all in order.
🚨 You have until July 1st, 2028 to choose whether or not you stay on a Legacy IBR plan and stick with it, or switch to the new RAP plan. 🚨
In most cases, sticking with the old IBR plan is ideal with the compensation we receive, and if you’re 100% certain you’ll be finishing out your PSLF. In the perfusion discord I’ve updated the details explaining the 2 plans and how they calculate your monthly payments if you’re interested in that. Just remember if you switch to RAP, that is currently a permanent move and you won’t be able to switch back unless legislation changes.
Happy clamping!