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The Money Mustache Community
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What do you think of people being given advice to do income-based repayment SLs?
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Topic: What do you think of people being given advice to do income-based repayment SLs? (Read 1083 times)
Daisyedwards800
Bristles
Posts: 320
What do you think of people being given advice to do income-based repayment SLs?
«
on:
February 14, 2020, 02:33:50 PM »
On student loans, almost all the advice I see given is telling borrowers to get on income-based repayment plans. Do you think this is good advice? Why or why not? Would you do an IBR plan as a Mustachian?
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honeybbq
Handlebar Stache
Posts: 1468
Location: Seattle
Re: What do you think of people being given advice to do income-based repayment SLs?
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Reply #1 on:
February 14, 2020, 03:49:59 PM »
Right now, I'd just wait and see who gets elected and what becomes of the SL crisis.
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therethere
Handlebar Stache
Posts: 1026
Re: What do you think of people being given advice to do income-based repayment SLs?
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Reply #2 on:
February 14, 2020, 03:51:51 PM »
As with everything, there's good reasons for IBR and good reasons against IBR. I don't see a blanket answer fitting everything. It's dependent on your situation cashflow, expected earnings, etc.
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The Money Mustache Community
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What do you think of people being given advice to do income-based repayment SLs?