The Trump administration has altered the calculation method for monthly payments on student loans for married borrowers. Under new guidelines, spousal income will be considered for those who file taxes separately, potentially resulting in increased monthly payments. This amendment follows a lawsuit against the Department of Education, leading to the restoration of access to income-driven repayment plans but with significant changes. The move is seen as a consequence of a federal court halt on former President Biden's SAVE plan, aimed at lowering borrower payments and expediting loan forgiveness.
Married borrowers could soon see higher payments, even if they file taxes separately, due to a significant policy change under the Trump administration.
The Department of Education announced that spousal income will now be considered when calculating payments for married borrowers, as a direct response to ongoing legal actions.
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