The Education Department has corrected a previous legal filing affecting payment calculations for married student-loan borrowers. Initially, there was a proposition to include spousal income for those filing separately, which could have increased payment obligations. However, the Department clarified that this was an error, and that married borrowers would continue to have their expenses assessed without including a spouse's income, considering instead only family size. Consequently, married borrowers who file separately can breathe easier knowing their payment calculations remain unchanged.
The Department of Education corrected a legal filing last week, stating that the calculations for married borrowers who file separately will remain unchanged regarding spousal income.
The inclusion of a spouse in the family size for payment calculations does not involve spousal income, ensuring no increase in monthly payments.
#education-department #student-loans #married-borrowers #payment-calculations #income-driven-repayment
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