4 Income-Based Repayment Options for Federal Student Loans

For those struggling to make their federal student loan payments, there are a variety of income-based repayment options available. These 4 income-based repayment options for federal student loans provide the flexibility and affordability needed to help borrowers pay off their debt.

The most popular option is the Income Based Repayment (IBR) plan, which caps monthly payments at 15% of the borrower's discretionary income. It also forgives any remaining debt after 25 years of payments. The Pay As You Earn (PAYE) program is similar to IBR but has a 10% cap on monthly payments and debt forgiveness after 20 years of payments.

The Graduated Repayment Plan adjusts the amount of each payment over time, allowing borrowers who expect an increase in income over time to have more manageable payments during their early career years.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you can find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706