IBR Archives

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.

Recalculating income-driven federal student loan payments can be done at any time and the process can save borrowers a ton of money.

Qualifying for Public Service Loan Forgiveness and buying a house are two goals that both require careful planning for student loan borrowers.

IDR plans are usually the best choice for many student loan borrowers. However, there are times when opting for another plan is the best option.

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