?? Important Update for Veterinarians using Income-Driven Repayment ?? The VIN News Service recently caught up with student debt expert Tony Bartels, DVM, MBA about the current confusion for borrowers using income-driven repayment plans. 1?? IDR Plans on Pause: Due to a recent court decision, the U.S. Department of Education has temporarily paused new enrollments and recertifications for income-driven repayment (IDR) plans, leaving many borrowers in limbo. 2?? Watch Out for Higher Payments: If you can’t recertify your income, your monthly payment might skyrocket to the standard 10-year repayment plan. This could be a big financial challenge, especially for those with high student loan debt. 3?? Document Everything: Now more than ever, keep track of your repayment progress, conversations with loan servicers, and any attempts to recertify your income. This will help you stay prepared in case you need to fight for corrections down the road. Stay informed and let’s get through this uncertainty together! Read the article here: https://hubs.li/Q039ZRrP0
