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What is an income-driven repayment plan?
Short answer
A federal plan that sets your monthly payment based on your income and family size. Available options have been changing; check StudentAid.gov.
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People also ask
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Official sources
- StudentAid.gov: repaymentstudentaid.gov
- CFPB: student loansconsumerfinance.gov
- FTC consumer advice: student loan scamsconsumer.ftc.gov