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.
Between temporary programs and alternative calculations, it isn’t easy to identify all of the repayment plans eligible for PSLF.
With some temporary federal student loans programs over, or nearly complete, borrowers have to track several different moving targets.
There is a lot to like about the proposed new IDR plan, but a closer inspection shows some room for improvement.
Borrowers have many reasons for optimism about life with student loans in 2023.
Changes in monthly IDR bills are common. Several different possibilities could explain the increase.
IDR plans have a ton of borrower-friendly features, including student loan forgiveness. However, they have some flaws that all borrowers should understand.
Income-Driven Repayment plans like IBR, PAYE and REPAYE are the best choice for just about every student loan borrower.
Income-driven repayment is supposed to keep monthly payments affordable for all borrowers, but IDR plans help some borrowers more than others.
A jump in income can make monthly payments unaffordable. However, it is possible to skip a high earning year from IDR calculations.