ST Alpha - "That’s the new income-based repayment plan, separate from the forgiveness part, and which is also awesome, yes. -- (edited)" (Reading a Post)

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In response to "The components of the plan that aren't getting talked about are the payment caps (5% of discretionary income) and the full interest payment coverage -- (edited)" by oblique

That’s the new income-based repayment plan, separate from the forgiveness part, and which is also awesome, yes. -- (edited)

Posted by znufrii Aug 24 '22, 11:34

I’m not sure if the mechanics of putting that into place are different. I’m wondering if you’re already in an income-based plan whether your participation in the new plan is retroactive, or if the clock starts over.

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Apparently you can also get refunded payments made since they paused payments (if you chose to make them) -- nm - oblique Aug 24, 11:36 1
- Nice! -- nm - znufrii Aug 24, 11:37

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That’s the new income-based repayment plan, separate from the forgiveness part, and which is also awesome, yes. -- (edited)

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