I got a raise at my government job recently, and I made the mistake of telling that to myfedloans when I went to recertify for my PAYE loan. You know the question: "has anything changed..."
But now my monthly payments next year have increased by a higher percentage than the raise I got (I believe they calculated poorly last year to my benefit).
My question is should I switch to a different payment plan, such as REPAYE or IBR?
ETA: does anyone have a link on how they determine the monthly amount?
Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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