IBR, PAYE and SAVE for Married Couples who Both Have Student Loans
Getting married doesn’t mean payments will double for couples who both have student loans, but payments may still go up.
Getting married doesn’t mean payments will double for couples who both have student loans, but payments may still go up.
For graduate borrowers, SAVE isn’t always the best student loan repayment plan. Some people might be better off with quicker forgiveness on PAYE or IBR.
There are many different federal repayment plans and each option comes with unique advantages and disadvantages.
The new SAVE plan offers considerable savings for IBR, PAYE, and REPAYE borrowers, but care is necessary when enrolling.
The newly announced SAVE plan will eliminate or change most of the income-driven repayment plans currently available.
A zero-dollar monthly payment may seem like a scam, but it is a legitimate option for some federal student loan borrowers.
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
Between temporary programs and alternative calculations, it isn’t easy to identify all of the repayment plans eligible for PSLF.
IDR plans have a ton of borrower-friendly features, including student loan forgiveness. However, they have some flaws that all borrowers should understand.