Does it make sense to switch from PAYE to REPAYE? Forum

Anonymous User · Post by **Anonymous User** » Thu Dec 10, 2015 9:32 pm

Assume I'm unmarried and planning to do PSLF. Seems like the major benefit from switching the REPAYE would be that the government will subsidize 50% of my unpaid interest while I'm on REPAYE. Obviously, if PSLF works out, that doesn't matter. But, on the other hand, it REPAYE seems to vastly reduce my overall debt load if I wind up leaving public interest in less than 10 years, and there doesn't seem to be any negatives to going with REPAYE other than I couldn't legally get married (i.e. file a marriage certificate with a state or live in one of the few states that recognizes common law marriage). Or are there other negatives to REPAYE?

Also, if I switch to REPAYE, could I go back to PAYE if I wound up getting married? If yes, would the payments I made towards REPAYE count towards the 20-year forgiveness on PAYE?

twenty · Post by **twenty** » Fri Dec 11, 2015 12:00 am

Interesting. My gut reaction is to say yes to both. I haven't been following IBR/PAYE developments as much as I should be, and REPAYE seems like a fairly kicking deal if the feds pay a sizable portion of your interest payment.

edit> It looks like the penalties for fucking up are a lot higher, though. I'm not sure if interest capitalizes retroactively. Just certify your income and family size every year, presumably, and you're fine.

lacrossebrother · Post by **lacrossebrother** » Fri Dec 11, 2015 12:02 am

Anonymous User wrote:Assume I'm unmarried and planning to do PSLF. Seems like the major benefit from switching the REPAYE would be that the government will subsidize 50% of my unpaid interest while I'm on REPAYE. Obviously, if PSLF works out, that doesn't matter. But, on the other hand, it REPAYE seems to vastly reduce my overall debt load if I wind up leaving public interest in less than 10 years, and there doesn't seem to be any negatives to going with REPAYE other than I couldn't legally get married (i.e. file a marriage certificate with a state or live in one of the few states that recognizes common law marriage). Or are there other negatives to REPAYE?

Also, if I switch to REPAYE, could I go back to PAYE if I wound up getting married? If yes, would the payments I made towards REPAYE count towards the 20-year forgiveness on PAYE?

Idk could you post the CFR links please?

ballouttacontrol · Post by **ballouttacontrol** » Fri Dec 11, 2015 3:40 am

cliffnotes on REPAYE? Never heard of it before

Johann · Post by **Johann** » Fri Dec 11, 2015 3:46 am

ballouttacontrol wrote:cliffnotes on REPAYE? Never heard of it before

http://bostonstudentloanlawyer.com/brea ... announced/

Anonymous User · Post by **Anonymous User** » Fri Dec 11, 2015 7:46 pm

Does anyone know re: the questions in the OP?

Does it make sense to switch from PAYE to REPAYE? Forum

Does it make sense to switch from PAYE to REPAYE?

Re: Does it make sense to switch from PAYE to REPAYE?

Re: Does it make sense to switch from PAYE to REPAYE?

Re: Does it make sense to switch from PAYE to REPAYE?

Re: Does it make sense to switch from PAYE to REPAYE?

Re: Does it make sense to switch from PAYE to REPAYE?

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