Reported 1 day ago
Income-driven repayment plans for federal student loans are undergoing significant changes, making it essential for borrowers to understand their options before applying. With current plans like SAVE being phased out and others like IBR becoming the only remaining option, borrowers may find relief in lower monthly payments based on their income, especially if they qualify for loan forgiveness programs. It's crucial to evaluate your financial situation, upcoming changes, and the specific requirements of each plan to determine the best choice for managing your student loan debt.
Source: YAHOO