How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask RobertJDFL Your Own Question
RobertJDFL, Attorney
Category: Legal
Satisfied Customers: 13880
Experience:  Experienced in multiple areas of the law.
Type Your Legal Question Here...
RobertJDFL is online now
A new question is answered every 9 seconds

Both my fiance and I have student loans from when we were in

This answer was rated:

Both my fiance and I have student loans from when we were in college and grad school respectively. We both are on income based repayment plans for our federal loans. The reapplication for income based repayment asks about your spouse's income and your income. My question is whether when my fiance and I get married, whether our loan repayments will become more expensive.

Thank for your question.

I can tell you from personal experience - yes they will, because the IBR plan takes into consideration the income of both spouses. I know when I got married, and my wife's income was included, my payments subsequently went up. IBR is based off a percentage of your income, thus, as income rises, the payment does as well.

You and your future spouse could file taxes separately to qualify for IBR, but that is something you would want to discuss with a tax advisor, as doing so may make you ineligible for other tax benefits.
RobertJDFL and other Legal Specialists are ready to help you