Should You Switch from IBR?

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Don’t panic

You have until at least end of September 2026 before any action is required. The Department of Education is sending 90-day notice emails on a rolling basis, so use the time wisely rather than rushing into a decision.

Pro tip:
Set a calendar reminder for 30 days before your specific deadline so you have time to research without the pressure of a last-minute decision.

Figure out which plan you’re currently on

Log in at [studentaid.gov](https://studentaid.gov) to check your current repayment plan. Knowing whether you’re on New IBR, Old IBR, PAYE, or SAVE forbearance determines your entire decision framework.

Pro tip:
While you’re logged in, also note your total loan balance, interest rates, and how many qualifying payments you’ve already made toward forgiveness.

Run the numbers

Use Student Loan Planner’s [free RAP and IBR calculator](https://www.studentloanplanner.com/rap-calculator/) to compare your options. It shows RAP, IBR, and interest subsidy calculations side by side so you can see the actual dollar difference for your situation.

Pro tip:
Compare total cost over the full repayment period, not just the monthly payment amount. A lower monthly payment with a 30-year timeline could cost significantly more than a higher payment with 20-year forgiveness.

Consider a consultation for complex situations

If your situation involves PSLF plus marriage plus multiple loan types, getting expert guidance could save you years and tens of thousands of dollars. [Student Loan Planner](https://www.studentloanplanner.com/) offers consultations, though wait times are currently around 30 days due to demand.

Pro tip:
Book now even if your deadline is months away — the 30-day wait time means procrastinating could leave you without expert advice when you need it most.

Do NOT switch plans without understanding the one-way door

Remember: IBR to RAP is a one-way trip for your payment history. Once you switch, your IBR payment count does not transfer back. Make sure you’ve completed steps 1-4 before making any changes to your repayment plan.

Pro tip:
Write down your reasoning for staying or switching. Future you will thank present you when the next student loan change inevitably arrives.

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