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By: Holly Petherbridge
When you finally come around to solving the 'lower my student loan' problem, be prepared to answer financial questions about you and your spouse. There are some people who are put off about having to include their spouse's personal information on the application. but if you are trying to find relief from federal student loans, you will most likely need to include it.

It sounds invasive. You have to remember that when dealing with finances and the government there will be lots of forms to fill out. When it comes to lowering student loan costs your tax filing status will determine if your spouse's information is needed or not. Many people are offended by needing to include this information when their spouse's name is not on the student loan debt, but that doesn't matter. In order to receive benefits from government repayment plans, household income is an important factor.

If you file your taxes 'Married Filing Separately' your spouse's information will not play a role in student loan relief. If there is any chance that you will file jointly, the information is required. Remember, that the IRS is a government entity and the two will connect to either approve or reject your repayment plan.

Any 'income-based' plan to lower your student loan payments is based on household income. When you file your taxes as 'Married Filing Jointly' combined incomes are used to determine the proper tax bracket. Income-based Repayment Plans, Income Contingent Plan and the new Pay As You Earn Plan base their savings on household income and family size. Depending on your combined income, you may be eliminated from eligibility form these programs.

Forgiveness programs are based on your employment and payment history. If this is the only program you are applying for, chances are that your spouse's information will not be required. If you want to lower student loan payments further then you may have to include the data.

During you free consultation, you have the opportunity to ask questions or address concerns. The service provider will be able to explain how the process works, discuss your loans and potential eligibility into federal student loan debt plans. Talk about how tax filing status may or may not affect your possible debt relief. Address the pros and cons for any repayment plan. It is important that the applicant understand what the eligibilities are for programs. Some people may see more savings in changing their tax filing status while others won't change a thing.

Don't get offended when you have to include financial information for your spouse on your debt applications. Inquisitive is good, it's important for applicants to understand the why's and what-for's. Give yourself a chance to find out more about the process as a whole before you end up doing nothing about finding student loan relief.

Take your need for lowering student loan payments and find relief. Your household income may limit eligibility for some relief benefits, but giving up will eliminate all possibilities.


National Student Loan Relief helps individuals gain financial relief from their Federal Student Loans. Contact us at 1-800-680-8533 or go to for more information.
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