The conversation between human and AI assistant.
If you were asking a student loan borrower just five questions about their loans what would those be?
Can you explain more about what income-driven repayment is?
Sure, income-driven repayment is a type of repayment plan for federal student loans where the borrower’s monthly payment is based on their income and family size. This can be a helpful option for those who are struggling to make their loan payments. Additionally, some borrowers may be eligible for loan forgiveness after a certain number of years of payments under and income-driven repayment plan.