Saltwater60
20×102mm Vulcan
This makes little to no sense to me at all. We are on an income driven plan and we are up to $340/month now after it being $225 previously. If this is 10% of your discretionary income then that would mean we have a disposable income of $40,000/year. There is no way that can even be possible. We make together $139,000 gross. Nearly 40% of that goes to taxes. So we’re left with around $80,000/year after just income taxes. I then have health insurance and other fees taken out. This does need to be reworked because it doesn’t take j to cl account certain things.
Prior to getting to this point the amount of loan money and degree plan needs to be taken into account to avoid this crap. The negatives and critical points brought up are a huge concern and then who will pay for it then?
Prior to getting to this point the amount of loan money and degree plan needs to be taken into account to avoid this crap. The negatives and critical points brought up are a huge concern and then who will pay for it then?
How Biden’s debt forgiveness plan could transform income-driven repayment
Story at a glance Within President Biden’s historic student debt forgiveness announcement was a critical addition to income-driven repayment (IDR) plans. Biden proposed a new IDR plan that would le…
thehill.com
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