income-based repayment

income-based repayment

Income-Based Repayment: The Ultimate Guide for Student Loan Borrowers

Income-based repayment is one of the most popular repayment options for federal student loans because it adjusts monthly payments based on income and family size. For many borrowers, IBR can drop payments to an affordable level—even as low as $0. In this guide, you’ll learn exactly how income-based repayment works, who qualifies, how forgiveness works, […]

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Income-Based Repayment plans

How to manage student debt when switching to income-based repayment plans

Managing student debt through Income-Based Repayment plans (IBR) is one of the most effective ways to make your federal student loan payments more affordable. By linking your monthly payments to your income and family size, IBR plans ensure you never pay more than you can reasonably afford—helping you stay on track financially while working toward

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A person with long dark hair is smiling at the camera while seated on a chair, wearing a yellow shirt against a dark background, perhaps pondering their student loan in this moment of respite.

Obama Gives Student Loan Relief to Millions with College Debt

New student loan legislation signed by President Barack Obama will lower borrowing costs for millions of Americans with college debt. The President signed an executive order that expands a 2010 law that allows borrowers to cap their federal student loan repayments at 10% of their income. Among the provisions in the legislation, college grads will

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