Income-based repayment

Income-based repayment or income-driven repayment is a method under which US federal student loan borrowers pay a percentage of their discretionary income for up to 20 or 25 years, after which the rest of his or her loans are forgiven.

Income-based repayment

Income-based repayment or income-driven repayment is a method under which US federal student loan borrowers pay a percentage of their discretionary income for up to 20 or 25 years, after which the rest of his or her loans are forgiven.