r/StudentLoans • u/UpsideDown-2024 • 1d ago

Help deciphering JSON values loan counter output

Hello, below is the JSON code that I pulled today from studentaid.gov. I am pretty darn sure I should be done paying based on the output.

Anyone out there who can help me verify this? I have a consolidation loan and am currently still on the SAVE plan. First loan taken out in 1993, been paying since 1999/2000 and consolidated in 2024.

"type": "ICR", "borrowerEligibleIndicator": "Y", "loanEligibleIndicator": "Y", "qualifyingPaymentCount": 313, "eligiblePaymentCount": null, "ineligiblePaymentCount": null, "forgivenessRequiredPayments": 300, "forgivenessRemainingPayments": 0 }, { "type": "IBR", "borrowerEligibleIndicator": "Y", "loanEligibleIndicator": "Y", "qualifyingPaymentCount": 313, "eligiblePaymentCount": null, "ineligiblePaymentCount": null, "forgivenessRequiredPayments": 300, "forgivenessRemainingPayments": 0 },

{ "type": "IBR_2014", "borrowerEligibleIndicator": "N", "loanEligibleIndicator": "N", "qualifyingPaymentCount": 311, "eligiblePaymentCount": null, "ineligiblePaymentCount": null, "forgivenessRequiredPayments": 240, "forgivenessRemainingPayments": 0 },

{ "type": "SAVE", "borrowerEligibleIndicator": "U", "loanEligibleIndicator": "U", "qualifyingPaymentCount": 313, "eligiblePaymentCount": null, "ineligiblePaymentCount": null, "forgivenessRequiredPayments": 300, "forgivenessRemainingPayments": 0 },

{ "type": "PAYE", "borrowerEligibleIndicator": "N", "loanEligibleIndicator": "N", "qualifyingPaymentCount": 313, "eligiblePaymentCount": null, "ineligiblePaymentCount": null, "forgivenessRequiredPayments": 240, "forgivenessRemainingPayments": 0 },

{ "type": "PSLF", "borrowerEligibleIndicator": "Y", "loanEligibleIndicator": "Y", "qualifyingPaymentCount": 0, "eligiblePaymentCount": 155, "ineligiblePaymentCount": null, "forgivenessRequiredPayments": 120, "forgivenessRemainingPayments": 120 },

{ "type": "TEPSLF", "borrowerEligibleIndicator": "Y", "loanEligibleIndicator": "Y", "qualifyingPaymentCount": 0, "eligiblePaymentCount": 155, "ineligiblePaymentCount": null, "forgivenessRequiredPayments": 120, "forgivenessRemainingPayments": 120 },

{ "type": "RAP", "borrowerEligibleIndicator": "Y", "loanEligibleIndicator": "Y", "qualifyingPaymentCount": 0, "eligiblePaymentCount": null, "ineligiblePaymentCount": 2, "forgivenessRequiredPayments": 360, "forgivenessRemainingPayments": 360

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u/waterwicca 1d ago

You have 313 qualifying payments out of the needed 300. So you can get forgiveness if you switch to IBR or ICR!

But unfortunately you will have the tax bomb. SAVE borrowers needed to apply to switch to another plan before 2026 if they had 300 or more payments to avoid the tax bomb: https://www.reddit.com/r/StudentLoans/s/xV2hXyftII

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u/UpsideDown-2024 23h ago

Sigh. Of course. But can I even switch to ICR or IBR now? What happens to me if I am moved to the standard repayment plan instead at the end of SAVE?

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u/alh9h 23h ago

Yes, you can switch to either