Comments on: How to Lower IDR Federal Student Loan Payments if Your Income Drops https://studentloansherpa.com/ibr-federal-loan-payments/ Expert Guidance From Personal Experience Wed, 21 Jul 2021 14:29:03 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: The Student Loan Sherpa https://studentloansherpa.com/ibr-federal-loan-payments/comment-page-1/#comment-1506 Sun, 15 Dec 2019 22:45:32 +0000 https://studentloansherpa.com/?p=7575#comment-1506 In reply to Morgan Rhoades.

This is a great question Morgan. If your husband uses your most recent tax return, your payments may not change. He may have to use a paystub instead of your tax return.

I’d suggest talking with your loan servicer about the best way to document your income in this situation. Make sure they understand your exact circumstances and concern. This may require a few calls. They may want you to write a letter along with your application to explain the circumstances.

]]> By: Morgan Rhoades https://studentloansherpa.com/ibr-federal-loan-payments/comment-page-1/#comment-1505 Fri, 13 Dec 2019 14:31:06 +0000 https://studentloansherpa.com/?p=7575#comment-1505 Can you discuss the scenario of a Married, Filing Jointly couple, both with federal student loans, each on their own REPAYE, where spouse has lost their job? My husband and I are in this boat right now. I’ve lost my job, and want to have my payment changed. Do I still go through this same process and select it all as you have said, and then when he has to do his part (they make the spouse sign to complete the process), he’ll select to actually upload our most recent tax return and they’ll pay attention to only his portion of income but have changed mine to 0…? Does that make sense, and am I thinking this through the right way? Thank you for any help you can give!

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