Are there any alerts I should be aware of that are important?
Yes, if you don't periodically submit the Employment Certification Form at the time you apply for forgiveness you will be required to submit a form for each empolyer worked.
Is there anything I need to know about Income-Driven Repayment plans before I decide to change to one?
Yes, you should be aware that your payment may increase under IDR plans depending on your income and the amount you owe.