What Does the Reform Bill Mean for Married Borrowers?
Episode description
If you're married, there’s a lot to consider in the latest student loan reform proposals. Discover what the changes being debated in Congress could mean for married borrowers, including the potential loss of “married filing separately” as a repayment strategy and how the new Repayment Assistance Plan (RAP) might affect your monthly payments. If you’re single or engaged, this still matters — we’ll cover what you need to know before tying the knot, plus smart moves you can make now to avoid future headaches.
Key moments:
(03:07) New rules could make marriage costly for borrowers with high student debt
(10:54) RAP plan offers fewer deductions than IBR, especially for families with multiple children
(16:36) Capping federal loan limits could push students toward private lenders with strict requirements
(25:02) Borrowers with high debt-to-income ratios may benefit from sticking with forgiveness, despite uncertainty
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