Subscribe / Renew
|► Subscribe to our Free Weekly Newsletter|
January 13, 2020
More than 8 million federal student loan borrowers use income-driven repayment plans. These plans can drop payments to $0 based on a borrower’s income and family size. And after 20 or 25 years 10 if you work in public service any remaining balance is forgiven.
But to stay on these plans, you must recertify your personal information annually. Failing to do so can lead to consequences like increased payments, a bigger loan balance and, eventually, default.
. . .