Student loan borrowers face steeper 'marriage penalty' under new repayment plan

Student loan borrowers face steeper 'marriage penalty' under new repayment plan

Married couples holding federal student loans confront significant financial considerations following recent changes to the federal lending system, particularly the introduction of the Repayment Assistance Plan. The marriage penalty occurs when combining both spouses’ incomes under income-driven repayment plans results in substantially higher monthly loan payments than each spouse would face filing individually. According to estimates, approxima…