Real talk: $57K cap only applies to IBR bros sneaking onto PAYE
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Poast new message in this thread
Date: April 24th, 2014 3:40 PM Author: chestnut pit
If you are currently enrolled in the IBR, ICR or PAYE (20 year) program, and the $57,500 cap will NOT apply.
If you are currently enrolled in IBR (25 years and 15% of discretionary income) and want to OPT IN to the new, more generous IBR (10%) or PAYE laid out in this proposal, you are changing the terms of your repayment and the $57,500 cap will apply.
HTFH
(http://www.autoadmit.com/thread.php?thread_id=2550898&forum_id=2#25439549) |
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