Hi Heather,
First of all, thank you for your amazing website! I had a question about something I read on the flowchart “Borrower Action Plan”. It says to choose the income-based payment plan, and that loans paid on a 30-year ‘standard’ plan don’t count…what does this mean? I am an Americorps VISTA right now, and my position means I am eligible for loan deferment with education award at the end. Since my loan (which, yes, is Federal Direct) is semi-flexible, is there a way I can switch out of the 30 year plan? I haven’t made a payment yet, don’t know if that makes a difference.
Thanks,
Mackenzie

You’re welcome!

Qualifying employment includes AmeriCorps service for “not less than 1,700 hours during a period of not less than 9 months and not more than 1 year.”  My understanding is that that includes full-time positions in AmeriCorps State and National, AmeriCorps VISTA, or AmeriCorps NCCC.

You can switch repayment plans, yes.  Here’s an IBR selection form, the alternative documentation of income form, and the consent to disclose your tax information.

Be aware that if you take the forbearance, you won’t be in a repayment status, and won’t be making payments that count toward forgiveness.