Slash Student Loan Debt With This Brilliant Strategy Now
Income-Driven Repayment Plans
One of the most effective strategies to manage student loan debt is enrolling in an income-driven repayment (IDR) plan. These plans adjust your monthly payments based on your income and family size, potentially reducing your payments to as low as $0 if your income is sufficiently low3. By following this option, you not only ease your financial burden but also become eligible for loan forgiveness after 20 to 25 years of qualified payments, depending on the specific plan.