Post by Deschutes » Thu Aug 27, 2015 12:33 pm
For those on PAYE:
Does income (re)certification last for an entire 12-month period? I'm being asked to recert to stay on PAYE, but I'll be starting at a higher paying job soon. Should I wait until the very last moment to recert (to maximize the utility of the previous year of lower income), or does such gamesmanship not even matter?
Yea recert at the last possible moment that you can still use the lower AGI tax return its last full 12 months with Fed Loan servicing. I'm making 0$ qualifying PSLF payments right now because its based off 3L earnings next year will prob be 0$ too because it will just be off Fall '14 earnings. There is something to the time value of money 2 year deferral argument Johann is pointing out