Biden launches ‘most affordable ever’ student loan repayment plan - eviltoast
Announcement comes two months after supreme court struck down Biden’s original debt forgiveness plan

Federal student loan borrowers can expect “the most affordable student loan plan ever”, Biden said in a video address on Tuesday announcing significant changes to the debt from higher education held by over an eighth of the country.

  • rooster_butt@lemm.ee
    1·
    1 year ago

    Anyone know how this affects a homemaker that still has student loans. Is the income based on the household income or the loan holder whose current income is 0?

    Edit:

    From a nerdwallet article I found this:

    Benefits for some married borrowers. Spousal income for borrowers who are married and file taxes separately will be excluded from IDR payment calculations; spouses no longer required to co-sign your IDR application.

    So it looks like maybe filing separate can be a possibility though have to research any other tax implications.