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.
The newest federal repayment plan makes refinancing a bit more risky for borrowers.
Many borrowers worry that changing income-driven repayment plans will result in starting from scratch on the path to student loan forgiveness.
A new lawsuit has student loan borrowers nervous. Should there be concern over the future of SAVE and the one-time IDR account adjustment?
Automated yearly income certification will save IDR borrowers money and prevent mistakes with deadlines and timing issues.
Sticking to old assumuptions and strategies could mean that borrowers miss out on new opportunities to save money on federal student debt.
The new SAVE plan offers considerable savings for IBR, PAYE, and REPAYE borrowers, but care is necessary when enrolling.
A zero-dollar monthly payment may seem like a scam, but it is a legitimate option for some federal student loan borrowers.