Reported 2 days ago
The graduated repayment plan is a federal student loan payment option that starts with lower monthly payments, which gradually increase every two years. This plan is advantageous for recent graduates with a lower starting salary, extending the repayment term up to 30 years. However, due to upcoming legislation, this option will no longer be available for new borrowers after July 1, 2026. Borrowers currently using this plan should evaluate their options before the deadline, as payments will not count toward loan forgiveness under certain programs.
Source: YAHOO