If you are still paying off federal student loans and you have a low income
job, there is good news.
A new law has changed to help married couples have lower monthly payments
for student debt. The Income Based Repayment Program helps out people
with student loans who also have lower paying jobs. The old version of
the law, which is only a year old, treated married couples differently
than two unmarried people who lived together. It used to be twice as expensive
to repay student loans if you were married, because the law took into
account both people's incomes, but student debt separately. Now, however,
the law allows people who file joint taxes to note their joint debt, which
could substantially lower monthly payments.
This law only affects federal student loans, not private ones.