Slash Student Loan Debt With These Secret Hacks
Income-Driven Repayment Plans
One of the most accessible ways to manage student loan debt is by enrolling in an income-driven repayment (IDR) plan. These plans adjust your monthly payments based on your income and family size, potentially lowering your payments significantly. Programs like Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE) offer forgiveness of the remaining balance after 20-25 years of qualifying payments2. Visit websites that outline these options and determine which plan best suits your financial situation.