In order to be eligible for healthcare subsidies under the Affordable Care Act, you must earn no more than400% of the Federal Poverty Limit (FPL)by household size. Each year, these limits will go up by ~2% to account for inflation. In the chart below, you will ...
Parent PLUS loan borrowers whose children have not yet graduated can decide either 1) to let the loan enter repayment or 2) to go into deferment until 6 months after their child graduates from college. With either choice, interest starts accruing immediately. The borrower can decide to make pa...
And looking at the Net Income, I realized the savings rate difference isn’t actually as great (since the Low Earner could invest the additional net income into a taxable account or other savings account). To rectify this, I’ve renamed the post (and url) to focus on the main point of...