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Income-Driven Student Loan Repayment Plans: How to Avoid an Increase you Can’t Afford

HigherEd Industry News December 1, 2014 - Forbes

Borrowers who chose an income-driven repayment plan last year could face a dramatic increase in their monthly payments if they don’t submit new income proof for this year. For example, let’s look at what it would cost a student loan borrower with $40,000 in income and $40,000 in student loans if their…