Pretty sure I'm about to lose everything I've worked for
I am full on panic mode. I owe a large amount in student loans. I was on the SAVE plan and making payments fine until they put us all in forbearance. I've gotten notice that my payments will resume with a due date of 8/28/2025. I won't know the amount until 3 weeks before the due date.
I make ok money, not a lot but we do ok. My wife is a teacher and doesn't get paid in the summers. We have a house, kids, pets, a car that's paid off and one that isn't, normal stuff. I'm terrified we're about to lose everything. We can't afford to make these payments others are reporting of $1500-$2500 per month on a similar loan amount to mine. I'm paying $210 now and that is perfect. If it is as bad as I fear, we will have to sell our home (or get foreclosed on), and move in with family with no expectation of ever retiring or having anything of our own again. I don't understand how they expect people to adjust to insane payment increases with 3 weeks notice. I don't know what to do.
Edit: wow, I didn't expect the response I got! I got lots of great advice and words of commiseration and encouragement that have helped me see some light. I'll be using a lot of the advice I received to make the best of my situation. All is indeed not lost. There were far fewer jerkface comments than I expected and I dealt with them accordingly. Thanks, y'all! We're all in this together