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We thank the commenters who help this provision. Establishing a similar prerequisites and treatments with respect to spousal income across the entire IDR designs will reduce confusion among the borrowers when selecting a program that meets their wants. It can make it less complicated for future college student loan borrowers to choose between IBR a

One commenter observed that our proposals lacked a discussion of monthly payments vs . complete payments. The commenter believed that, even though There may be the potential for borrowers to produce reduced month-to-month payments, the extended duration of payments could result in larger overall payments.household dimension, the borrower's cash flo

Quite a few commenters argued that the Office need to adopt a progressive formula to determine the percentage of discretionary income needed to go toward payments instead of an individual flat a single. These proposals incorporated Tips like supplying a bracket of 5 percent payments for reduced-earnings borrowers, a bracket of 10 % payments on reas