The Downside to Income-Driven Repayment Plans Like IBR, PAYE and REPAYE
IDR plans have a ton of borrower-friendly features, including student loan forgiveness. However, they have some flaws that all borrowers should understand.
Latest Posts in IDR
IBR Payments, the Repayment Restart, and IDR Certification Deadlines
The Department of Education is giving borrowers a ton of flexibility, which means savvy borrowers have options to save some money.
Every* Student Loan Borrower Should Sign Up for Income-Driven Repayment
Income-Driven Repayment plans like IBR, PAYE and REPAYE are the best choice for just about every student loan borrower.
7 Reasons IDR Payment Calculations Are Unfair
Income-driven repayment is supposed to keep monthly payments affordable for all borrowers, but IDR plans help some borrowers more than others.
How to Exclude a High-Income Year from Income Driven Repayment Calculations
A jump in income can make monthly payments unaffordable. However, it is possible to skip a high earning year from IDR calculations.
How to Take Advantage of the Temporary Changes to Federal Student Loan Forgiveness
Two recent programs announced by the Department of Education make the path to student loan forgiveness significantly less complicated.
How the Biden Administration is Updating IDR Payment Counts
40,000 are about to get their remaining student loan balance forgiven, and millions more will move closer to IDR loan forgiveness.
Should I Pay Extra on My Income-Driven Repayment (IDR) Plan?
Paying extra on IDR plans like IBR, PAYE and REPAYE is a risky choice for many student loan borrowers, especially those chasing student loan forgiveness.
How to Pay Off $40,000 in Student Loans
Finding a way to pay off $40,000 in student loans presents some unique challenges because it is right on the border of many strategies.