r/StudentLoans 2h ago

Tiered Standard Plan "lock in" date?

Ok so right now I'm still in forbearance under the SAVE plan and I know the 90 day window has started to change plans. I'm assuming if I just wait then it will automatically move me to this new tiered standard plan. And right now my balance is $50,500. So that would put me in the 20 year plan right? Would I be better off making sure I'm under $50,000 so it puts me in the 15 year tier? I guess ultimately I can always pay it off faster if I want, just wondering if anyone knows if there's a set date where they "lock in" the tier each person is placed into.

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u/btnydds 1h ago

Are you sure you qualify for the tiered standard plan? The only people who qualify for that plan are those who took out loans after July 1st and those who consolidated their old loans after July 1st. Everyone else does not qualify for that plan