Make around 40k a year and have about 17k in student loans (Direct Subsidized loans).
Payments on Standard Plan are $189 if I don’t move to a different IDR plan, is it recommended to move first to IBR and with the savings make extra payments?
Or Move first to IBR and before the 3 year mark move to RAP.
Any advice is welcomed
Currently on Save – move to IBR or RAP?
byu/OutcastSpy inStudentLoans
Posted by OutcastSpy
1 Comment
Can you afford $189 a month and make extra payments?
Your annual income is more than you owe, so your debt-to-income (DTI) ratio is not as high as it would be if the situation were reversed. Your DTI may be considered reasonable.