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Income Driven Repayment Plan Request Form

Income Driven Repayment Plan Request Form

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Instructions and help about Income Driven Repayment Plan Request Form

hey everyone sleeping baby here so he might wake up but I thought I would cover the new IDR plan that Biden released today so this is the repay plan but this is we're going to call it new repay so new repay is basically kind of like pay with a couple big exceptions so the new repay plan is going to give subsidies on the interest uh oh he's waking up the new replay plan is going to give subsidies on the interests that are 100 of your the um of the amount that your payment doesn't cover every month so like think about like this if you're a resident physician you're paying 200 a month because that's your calculated payment all interest above 200 a month would be covered by the government so that's really big deal instead of a 50 subsidy on unpaid interest it's a hundred percent the other thing that the new repay plan will allow you to do is file taxes separately that's also a pretty big deal because the pay plan is the most attractive plan that does allow people to file separately now is

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