Income-driven repayment plans for student loans
Income-driven repayment plans may be a good way to manage student loan debt. If the Loan Simulator indicates that you will do better with an income-driven repayment (IDR) plan, you still have plenty of options. The following options are available: Revised Pay As You Earn Repayment (REPAYE) Plan Participants pay 10% of their discretionary income (total household income less 150%…