How do I lower my student loan payments?
My student loan payments are way too high is there any way to reduce them?
One of the most widely available plans is what's known as the income-based repayment (IBR) program, which covers new and older loans. It caps payments to about 15 percent of your income and forgives any balance that exists after 25 years. The calculation is based on your discretionary income, or whatever you earn above 150 percent of the federal poverty line ($17,505 for a single person). | 10.20.15 @ 20:28