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uhsguy · 938 days ago · link · · parent · post: He-student-loan-giveaway-its-much-bigger-than-you-think
In think maybe I’m calculating IBR wrong because under the new formulation I would get way less. Assumed: 76k a year salary with 52k loan 76k-32k (250% poverty line) = 44k ibr value 44k*.05/12=183$ a month. So slightly less than the interest on the loan. And that’s assuming that you didn’t bake in all your housing and other expenses into the loan to get it up well over 100k since ibr has you capped at 180/month