Married Americans With Studets: For millions of married Americans struggling with student loans, some much-needed relief might finally be on the horizon. A recent report reveals that income-driven repayment (IDR) plans—especially the Biden administration’s new SAVE Plan (Saving on a Valuable Education) —could ease the financial burden for married borrowers. But like all things tied to student loans, the situation isn’t as simple as it sounds. How It Works: Filing Separately Could Help One of the most promising features of the SAVE Plan is that if you’re married and file taxes separately , your monthly payment is based only on your income—not your spouse’s. For couples where one partner earns significantly more or doesn’t have student debt, this can lead to dramatically lower payments. That means more room in your budget for rent, groceries, childcare—or just breathing room. But There’s a Catch Here’s the tricky part: recent legal battles have thrown the SAVE Plan’s...
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