That's reassuring. And why should I apply for an income-driven repayment plan?
An income-driven repayment (IDR) plan can make your payments more affordable because they are based on your income. Under an IDR plan, payments may be as low as $0 per month. You can estimate your monthly payments using the Loan Simulator.
Can I change my income-driven repayment plan?
Have you had an increase in family size or a decrease in income?