IBR means never getting married
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Date: June 28th, 2015 3:22 AM Author: iridescent gunner parlor
Because getting married can boost your household income, it may make you ineligible for certain kinds of help—financial aid for college, for example, or programs designed to make it easier to pay back student debt. The U.S. Income-Based Repayment program, or IBR, limits your student loan payments to a percentage of your income. A single person making $40,000 a year, with $100,000 in student debt, might pay $280 a month. If that person marries someone earning $40,000 a year, his or her payment could jump above $700 a month. If the spouse makes much more than that, they may become ineligible for IBR altogether.
http://www.bloomberg.com/news/articles/2015-06-26/now-you-can-get-married-gay-or-not-here-s-what-you-gain-and-lose
(http://www.autoadmit.com/thread.php?thread_id=2921533&forum_id=2#28215333) |
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