In 2015, the federal government launched the Revised Pay As You Earn plan (REPAYE), an income-driven repayment plan for federal student loans. For those struggling to make their monthly payments, REPAYE is arguably one of the best ways to ease the debt burden. Yet, not everyone is aware of the benefits the plan offers. This post will explain a few of the most important ones.
Considering refinancing your student loans?
Advertising Disclosure We sometimes earn sales commissions and advertising fees when we make recommendations to you. While we do our best to recommend only products and services that offer real benefits, you should be sure to thoroughly research any product or service prior to making a purchase. Loan Lab is not a lender, nor an investment advisor. We cannot influence the outcome of your loan application. If you have questions about which financial products are best for you, you should consult a qualified professional.