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How to Make Student Loan Payments Based on Your Income

Income-driven repayment plans allow borrowers to adjust their student loan payments based on how much they earn. This blog post explains how income-driven repayment plans work, how monthly payments are calculated, and how income-driven repayment relates to loan forgiveness.

URL

http://www.ed.gov/blog/2014/10/how-to-make-student-loan-payments-based-on-your-income/

Federal Departments

Department of Education

Section

Publications

Topic

Education