Announcement comes two months after supreme court struck down Biden’s original debt forgiveness plan

Federal student loan borrowers can expect “the most affordable student loan plan ever”, Biden said in a video address on Tuesday announcing significant changes to the debt from higher education held by over an eighth of the country.

  • rooster_butt@lemm.ee
    1·
    1 year ago

    Anyone know how this affects a homemaker that still has student loans. Is the income based on the household income or the loan holder whose current income is 0?

    Edit:

    From a nerdwallet article I found this:

    Benefits for some married borrowers. Spousal income for borrowers who are married and file taxes separately will be excluded from IDR payment calculations; spouses no longer required to co-sign your IDR application.

    So it looks like maybe filing separate can be a possibility though have to research any other tax implications.