The Money Mustache Community

General Discussion => Welcome and General Discussion => Topic started by: Daisyedwards800 on February 14, 2020, 02:33:50 PM

Title: What do you think of people being given advice to do income-based repayment SLs?
Post by: Daisyedwards800 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?

Title: Re: What do you think of people being given advice to do income-based repayment SLs?
Post by: honeybbq 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.

Title: Re: What do you think of people being given advice to do income-based repayment SLs?
Post by: therethere 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.