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Am I correctly understanding that the raise in discretionary income wouldn't apply to graduate debt holders? What the gently caress. I'm a university-level teacher and this would be the only way any of these changes improve the status quo for me if this is the case.
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# ¿ Aug 24, 2022 21:29 |
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# ¿ May 17, 2024 17:17 |
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Great news but the messaging is a bit confusing. It makes it sound like the pause is extended until 6/30, but if the courts ease up they could start up anytime before then. And in all cases it's another 60 days until they turn back on for real, so wouldn't that make the pause actually until 8/30 at the latest?
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# ¿ Nov 22, 2022 23:03 |
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Easy-ish way out of this is for Biden's DoE to announce that payments are starting back up at .01% of discretionary income and it will stay that way as long as he's President. lovely ruling.
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# ¿ Jun 30, 2023 15:56 |
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Here's something I don't really understand re: PSLF. I'm currently in the IBR plan and only about 1 year away from being able to apply for forgiveness. It looks like my payment will likely drop a fair amount because of the new calculation rules but it could go lower if I switch to REPAYE. I'm seeing it in some places that the REPAYE plan payments will count toward PSLF but others that say it won't? I would like to get a smaller monthly payment to grind out this last year but I don't want to jeopardize how close I am to finishing, especially since my ticket comes due the literal last month of the Biden admin and don't want some Republican loving with my forgiveness.
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# ¿ Jun 30, 2023 22:48 |
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Are the adjustments to the discretionary income calculations going to be applied to the existing plans beyond REPAYE and SAVE? I can't really jump over to REPAYE because of my spouse income, it seems, and MOHELA is showing that my monthly payment IBR amount from way back in 2020 is coming due. Are they just slow getting the figures updated, or should I expect to pay the same amount soon?
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# ¿ Aug 5, 2023 16:43 |
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I'm talking about the change in how it's calculated, i.e., raised to 225% of federal poverty guidelines. I should call them up, but my understanding is that REPAYE calculates off of both your income and your spouse's, regardless of tax filing status, while my IBR plan calculates off mine alone. We have been filing separately for the last couple years to keep the monthly payment down until I complete PSLF at the end of next year.
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# ¿ Aug 5, 2023 19:35 |
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MOHELA just mysteriously changed the status of my application for SAVE to "Cancelled." I have no idea what this means?? I submitted my application to them through studentaid.gov and as far as they know it's still in review.
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# ¿ Sep 8, 2023 02:04 |
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# ¿ May 17, 2024 17:17 |
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I think it had it resolved earlier today. It seems to have been an error with the application, so I did a new one with MOHELA.
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# ¿ Sep 8, 2023 19:24 |