• Yosi Rahimi

Does marital status impact my REPAYE plan?

Revised Pay As You Earn Repayment Plan (REPAYE) offer student loans borrower to pay a lower monthly payment on their student loan, however, REPAYE also takes into consideration the borrower's spouse income.

D. from Arizona, $42.5K student debt

There are several different income driven repayment plans offered by the the department of education. Each plan has specific requirements, eligibility standards and uses a different type of monthly repayment calculation. For D. the bottom line is:

1. Generally the loan servicer will use both you and your spouse income to calculate your monthly payment amount

2. This calculation is regardless of whether you file your tax return separately.

Have a specific question regarding your loans? Send it to FreeAdvice@moneycompass.io

Want to understand which repayment plan best suits you? Download Money Compass now!

#studentloans #REPAYE #lowermonthlypayment #personalfinance


For users





Contact Us
  • Instagram
  • LinkedIn Social Icon
  • Facebook

Money Compass is not endorsed or affiliated with the U.S. Department of Education or a specific higher education institute



Copyright Money Compass Inc 2020. All rights reserved