Student Loan Plan: Moving from IBR to REPAYE
Switching from IBR to REPAYE has major benefits, but some couples will need to do some math to find 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.
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.
If you have multiple federal student loans or you are stuck with more than one federal servicer, the Income-Driven Repayment math might seem complicated. Fortunately, it is pretty easy.