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

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

Married individuals holding federal student loans encounter a heightened financial challenge following recent changes to the federal lending system, according to financial experts. The Department of Education’s newly introduced Repayment Assistance Plan, or RAP, exacerbates what is known as the “marriage penalty” for borrowers utilizing income-driven repayment options. This penalty occurs when married couples filing taxes jointly see their combi…