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.
Latest Posts in Repayment Plans
Old IBR vs. IBR for New Borrowers: Comparing Income-Based Repayment Plans
IBR and IBR for New Borrowers sound similar, but the two plans have different monthly payments and different rules for student loan forgiveness.
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.
Meet the Worst Federal Student Loan Repayment Plan
The worst federal student loan repayment plan has high monthly payments, no forgiveness options, and makes it harder to buy a home.
Opinion: It is Time for the Government to Automate Income-Driven Repayment Certification
Yearly income certification trips up many federal borrowers and this problem could easily be avoided by automating the process.
Can I sign up for IBR, PAYE or SAVE if I don’t have a job?
IDR plans like PAYE, REPAYE, and IBR were designed to provide borrowers with affordable payments. For the unemployed, this often means $0 payments.
When is it time to give up on Income-Driven Repayment Plans like IBR, PAYE, and REPAYE?
Income-driven repayment plans are usually the best option for federal borrowers, but some circumstances justify a change in strategy.
Biden Student Loan Plan Offers More Hope for Borrowers
Biden isn’t calling for student loan forgiveness for all, but he does want to make some major changes to life with student loan in the United States.
Can a Bonus, Overtime Hours or a Raise Increase Student Loan Payments?
Extra income can mean a higher IDR monthly payment, but there are ways to make sure a temporary or limited increase doesn’t mean a higher student loan bill.