Breaking Down the GOP’s New Student Loan Legislation: What It Means for Borrowers
Republicans in Congress proposed five new pieces of legislation to overhaul student loan policy in the US.
REPAYE
Should I Wait for Biden’s New 5% IDR Plan?
In most cases, waiting for the newest IDR repayment plan to be available is a mistake. Delays offer few advantages and come with significant disadvantages.
All Repayment Plans Eligible for PSLF, Plus Tips and Strategy
Between temporary programs and alternative calculations, it isn’t easy to identify all of the repayment plans eligible for PSLF.
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.
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.
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.
REPAYE for Married Couples
REPAYE is the best repayment plan for some married couples. For others, it is an expensive option.
How to Decide Between PAYE and REPAYE
Picking the best plan when deciding on PAYE or REPAYE is critical for married borrowers, those with graduate debt, and high-balance borrowers.
IBR and PAYE Calculations for Independent Contractors and 1099 Workers
If you are a 1099 worker or run a business, IDR calculations might seem complicated or potentially unfair, but there are ways to work the numbers in your favor.