Income-Driven Repayment Plans: Best Strategies & Options
Table of Contents Key Takeaways Income-driven repayment plans cap your monthly payments between 5% and 20% of your discretionary income. These plans are ideal for individuals with high student loan debt relative to their income. Four main types of income-driven repayment plans exist: SAVE, IBR, PAYE, and ICR. Eligibility and benefits vary, so choosing the … Read more