The conversation between human and AI assistant.
How many college graduates have student loans that exceed 10% of their income?
Can you explain more about income-driven repayment plans?
Income-driven repayment plans are designed to make it easier for borrowers to repay their federal student loans by adjusting their monthly payments based on their income and family size. There are several types of income-driven repayment plans available, including Income-Based Repayment (IBR), Pay As You Earn (PAYE), and Revised Pay As You Earn (REPAYE).