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Home The Blog REPAYE

Tag Archive

Below you'll find a list of all posts that have been tagged as “REPAYE”

Missing IBR or PAYE certification is REALLY expensive

Michael Lux February 27, 2021 Repayment Plans, Student Loan Blog 0 Comments

Unexpected costs are everywhere with student loans. Interest grows every day, and one mistake can mean getting hit with late fees. One mistake that can cost thousands of dollars comes with Income-Driven Repayment (IDR) plans like Income-Based Repayment (IBR) and Pay As You Earn (PAYE) re-certifications. That statement is worth …

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IBRPAYEREPAYE

Meet the Worst Federal Student Loan Repayment Plan

Michael Lux February 18, 2021 Repayment Plans, Student Loan Blog 0 Comments

There are a variety of federal student loan repayment plans, all with unique pros and cons, but the one that is undoubtedly the worst is the standard 10-year repayment plan. Borrowers on the standard repayment plan sacrifice flexibility, have no route to forgiveness, face larger monthly payments, and limit their …

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IBRPAYEREPAYE

Wait for IDR Forgiveness or Aggressively Repay Federal Student Loans?

Michael Lux February 4, 2021 Student Loan Blog, Student Loan Forgiveness 0 Comments

At first glance, the decision is easy: student loan forgiveness on an IDR plan is obviously better than repaying the debt in full, even if forgiveness takes 20 years. Upon closer reflection, things are not so obvious. Twenty years of living with debt is a long time. Between taxes and …

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IBRICRIDRPAYEREPAYE

How Does the REPAYE Interest Subsidy Work?

Michael Lux January 28, 2021 Repayment Plans, Student Loan Blog 0 Comments

The REPAYE interest subsidy may not get much attention, but I’d argue that this rarely discussed benefit makes REPAYE the best federal student loan repayment plan. Though the calculations might first appear complicated, the REPAYE interest assistance can save borrowers thousands of dollars per year. What is the Revised Pay …

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interest subsidyREPAYE

The Best Income-Driven Repayment (IDR) Plan: IBR vs PAYE vs REPAYE

Michael Lux January 28, 2021 Repayment Plans, Student Loan Blog 0 Comments

Under the right circumstances, IBR, PAYE, or REPAYE might be the best Income-Driven Repayment (IDR) Plan. Deciding which IDR plan is the best option will depend upon many different factors. Marital status, loan age, tax strategy, and loan type all impact which choice will have the lowest payment. Today I …

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IBRPAYEREPAYE
federal student loan repayment plans and eligiblity

Federal Student Loan Repayment Plan Options and Strategy

Michael Lux January 16, 2021 Repayment Plans, Student Loan Blog 2 Comments

When it comes to federal student loan repayment plans, there isn’t an option that is clearly the best. Some plans work great in certain circumstances, while others excel under different conditions. Picking the best repayment plan requires more than just picking the one with the lowest monthly payment. Each plan …

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IBRPAYEREPAYE
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