Escape Partial Financial Hardship With This Hidden Strategy
Benefits of Income-Driven Repayment Plans
The primary benefit of income-driven repayment plans is that they align your loan payments with your current financial situation, allowing you to maintain essential expenses while gradually paying off debt. Additionally, after 20 to 25 years of qualifying payments, any remaining balance may be forgiven2. This can provide a significant financial relief for those struggling to make ends meet.