Switch Now, Pay Less: How Borrowers in ICR Can Reach Student Loan Forgiveness Sooner
By: Kendra Cobb* Last month marked the 25th anniversary of the first income-driven repayment (IDR) plan: the Income-Contingent Repayment Plan (ICR). This means that student loan borrowers who entered ICR in 1994 should begin receiving loan forgiveness for completing 25 years of qualifying payments. Borrowers enrolled in ICR who have not yet completed 25 years […]
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