REPAYE

Missing IBR or PAYE Certification is REALLY Expensive

Capitalization of interest on IBR, PAYE, and REPAYE makes failing to re-certify on time a costly error.

The worst federal student loan repayment plan has high monthly payments, no forgiveness options, and makes it harder to buy a home.

The wait for Income-Driven Student Loan Forgiveness takes decades. In some cases waiting for debt forgiveness is the more expensive strategy.

IDR plans like PAYE, REPAYE, and IBR were designed to provide borrowers with affordable payments. For the unemployed, this often means $0 payments.

Income-driven repayment plans are usually the best option for federal borrowers, but some circumstances justify a change in strategy.

Loan payoff date calculations get complicated for borrowers switching to Income-Driven Repayment plans like REPAYE.

Switching from IBR to REPAYE has major benefits, but some couples will need to do some math to find the best option.

The credit score impact of enrollment in IDR plans like PAYE, IBR and REPAYE is usually minimal, but it can be a huge help in certain circumstances.

REPAYE offers lower payments to many student loan borrowers, but there are some dangers associated with making the switch to REPAYE.