hiima3L wrote:I figured this thread was as good as any.
According to my loan provider, it's time to re-certify my IBR status. I filled out the form they sent and submitted proof of change in income.
But a few of my co-workers said they didn't have to do this, even with a change in income (we all have the same income change, so our circumstances are similar). And they also said they you don't need to submit proof of a change in income until you do your taxes.
Any input would be appreciated.
How long have you been on IBR and when did you originally verify your income? I think you might have to re-verify every 12 months - I signed on November after graduation, then voluntarily sent my taxes in the following Jan/Feb (because it lowered my income/payments), then I think the following tax season (Jan/Feb) they made me re-verify. But it would probably have been the previous November if I hadn't verified in the meantime. Your co-workers may have done what I did, and therefore their re-verification happens to coincide with doing taxes?