Here's what to know about how the decision will affect you:
after 10 years of regular payments, and some income-driven repayment plans cancel the remainder of a borrower’s debt after 20 to 25 years.Borrowers who have beenThese programs aren’t be affected by the Supreme Court ruling.An income-driven repayment plan sets your monthly student loan payment at an amount that is intended to be affordable based on your income and family size.
— Income-driven repayment plans aren’t right for everyone. That said, if you know you will eventually qualify for forgiveness under the
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