Sentences with phrase «married borrowers»

Payments for married borrowers filing separately would be calculated on their combined household adjusted gross income.

But there are potential difficulties with this system, ranging from how it will treat married borrowers to provisions for the self - employed.

Married borrowers who qualify for Income - Based Repayment or Pay As You Earn should consider choosing those plans instead.

Married borrowers only have spousal income and federal student loan debt considered when taxes are filed jointly or when they opt to pay federal loans jointly with that spouse.

However, when married borrowers file taxes separately from their spouse, the loan servicer will consider only the borrower's income under the ICR, IBR, and PAYE plans.

You were legally married to the borrowing spouse when the reverse mortgage originally closed, or you were in a committed same - sex relationship with the borrower and could not legally marry the borrower at the time of the loan's origination, but you became legally married before the borrower died.

In this context, a co-borrower is defined as «multiple, non married borrowers listed on the mortgage or deed of trust.»

For these reasons, Congress repealed the ability for married borrowers to consolidate their loans together as part of the Higher Education Reconciliation Act of 2005.

Married borrowers who qualify for Income - Based Repayment or Pay As You Earn should consider choosing those plans instead.

Married borrowers only have spousal income and federal student loan debt considered when taxes are filed jointly or when they opt to pay federal loans jointly with that spouse.

For married borrowers, both spouses» income and loan debts are taken into consideration.

The loan debt of a married borrower's spouse is only considered if taxes are filed jointly.

Married borrowers may pay more on Revised Pay As You Earn.

Married borrowers may pay more on this plan than on the others.

The loan debt of a married borrower's spouse is only considered if taxes are filed jointly.

For married borrowers, both spouses» income and loan debts are taken into consideration.

Married borrowers must opt to file taxes as married filing jointly if they want to qualify for the deduction.

For a married borrower filing jointly, both the borrower's and spouse's income will be included in the calculation.

How does the formula work for married borrowers?

For a married borrower filing separately, only the borrower's income will be included.

Married borrowers may pay more on this plan than on the others.

Married borrowers may pay more on Revised Pay As You Earn.

Prior to July 1, 2006, married borrowers could choose to consolidate federal student loans from both spouses or jointly consolidate the loans of either spouse.

«A good example of someone who might want to do PAYE would be a married borrower with high loan balances, who is going for PSLF, and whose spouse has no loans and high income,» he said.

For some of the plans, married borrowers may also be able to include their spouse's eligible federal loans in the formula depending on tax filing status.

Married borrowers may not consolidate their federal student loans into a joint federal consolidation loan (years ago such a loan was available, but it was problematic for borrowers and is no longer available).

Also, under the proposed Revised Pay As You Earn (REPAYE) program, married borrowers would have their monthly payment amount calculated based on the couple's combined income, regardless whether they file their returns jointly or separately.