I work for the state, so on paper my salary looks like $80k+ but because of mandatory pension contributions and health insurance, my bi-weekly take-home is only about $1,900. On top of that, we filed taxes jointly last year ($122k AGI), and the loan simulator is quoting me about $500/month on the IBR plan.
I want to certify using adjustment individual pay stubs to get my payments down. Has anybody attempted to do that? I've heard that servicers often just multiply the "Total Gross" by 26 and ignore all the mandatory deductions that would usually be taken out of an AGI.
Thank you for any insight.
Getting on an IBR plan with paystub’s
byu/mandagurll inStudentLoans
Posted by mandagurll
1 Comment
You would have to provide alternative documentation, like pay stubs, for both you and your spouse if you filed taxes jointly. They will calculate your gross income if you use pay stubs.