Income-Driven Repayment

2026 Federal Poverty Rates Published: Why that matters for your student loans

Federal Poverty Guidelines Each year in January, the U.S. Department of Health and Human Services (HHS) updates the federal poverty guidelines used to determine financial eligibility for certain programs. Your federal student loan monthly payments are impacted by these updates when you use an income-driven repayment (IDR) plan. The VIN Foundation Student Loan Repayment Simulator […]

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Comments to the Department of Education on proposed IDR changes

Changes are coming to income-driven repayment: Updates to REPAYE, PAYE and ICR phased out Below is a the comment I plan to submit to the Department of Education on the proposed changes to income-driven repayment.  I encourage you to review the changes that we have detailed here. Consider how the propsed changes will impact your

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | prevet resources veterinary student resources veterinarian resources | Nonprofit free veterinary resources | Blog | Income-Driven Repayment: Recertify now, Switch plans, or Wait

Income-Driven Repayment: Recertify, Switch plans, or Wait?

Brace yourself, this is a long one. We’ve got a lot to cover with the recent recertification pause and confusion around renewals vs. switching repayment plans. Read straight through if you have a large mug of coffee or use the Table of Contents feature to quickly navigate to your section of interest. Income-Driven Repayment (IDR)

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VIN Foundation | veterinary resources | Blog | Class of 2020, 2021, 2022 Student Loan Renewal Note

Class of 2020, 2021, 2022 Income-Driven Repayment Renewal Note

Attention 2020, 2021, and 2022 veterinary graduates with student loans! You have some special homework to maximize all of the recently announced benefits. If you have federal student loans and you graduated into the pandemic forbearance period, here are the things your graduating classes need to know and perhaps DO soon to ensure you take

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Student Debt | Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible?

Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible?

On August 24th, 2022, the White House announced the news of a special one-time cancellation of up to $20,000 of federally held student loan debt. The amount of debt cancellation will depend on your income and whether you received a Pell Grant in college.

Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible? Read More »

A ‘new’ income-driven repayment plan?

Federal student debt proposal would change REPAYE, phase out PAYE Buried in a sea of federal student loan announcements and changes over the last few years was the promise of a new income-driven repayment plan. Now we know how parts of that promise will be implemented when the pandemic forbearance benefits end this summer. The

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December 2022 Student Loan Update

What a crazy busy year in the world of student debt! It appears some of these changes and opportunities to possibly diminish your debt and shorten your repayment period will continue into 2023. As you’ve probably heard by now, on November 22nd the Department of Education announced another extension of the pandemic forbearance benefits for federal

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | prevet resources veterinary student resources veterinarian resources | Nonprofit free veterinary resources | Blog | Student Debt Student Loan Veterinary Student Debt Veterinary Student Loan PAYE vs. SAVE: Are you in The Pickle?

Choosing between PAYE and SAVE income-driven plans: Are you in The Pickle?

On the VIN and VIN Foundation Student Debt Message Boards and during recent Climbing Mt. Debt webinars, hundreds of questions have been asked and answered. One of the most frequent questions is, “Should I switch to the new Saving on a Valuable Education (SAVE) income-driven repayment plan?” In most cases, the answer is yes, you

Choosing between PAYE and SAVE income-driven plans: Are you in The Pickle? Read More »

Increase in Federal Poverty Rates for 2023: Why that matters for your student loans

Each year in January, the U.S. Department of Health and Human Services (HHS) updates the federal poverty guidelines used to determine financial eligibility for certain programs. Your federal student loan monthly payments are impacted by these updates when you use an income-driven repayment plan.  The VIN Foundation Student Loan Repayment Simulator is now using the

Increase in Federal Poverty Rates for 2023: Why that matters for your student loans Read More »

VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | prevet resources veterinary student resources veterinarian resources | Nonprofit free veterinary resources | Blog | What do the recent court rulings on SAVE mean for you?

What do the recent court rulings on SAVE mean for you?

July 26th Update A federal appellate court blocked the Department of Education (ED) from administering the Saving on a Valuable Education (SAVE) income-driven repayment plan. Borrowers using SAVE will be placed in an interest-free forbearance. ED recently posted guidance (https://www.ed.gov/save) on how the ruling impacts borrowers in the short-term, pending continued litigation. Keep checking https://studentaid.gov/announcements-events/save-court-actions

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