Start Can i save money by consolidating my student loans

Can i save money by consolidating my student loans

It sounds like it could be confusing, but it doesn’t have to be.

Check out the Public Service Loan Forgiveness Training.

It's important to note that while these “secret” student loan forgiveness options could be helpful to some borrowers, for others they may result in tax consequences (see taxes and student loan forgiveness).

Since you have to submit your income every year, if your income rises high enough, your payment will adjust accordingly.

You can call them at 1-866-863-3870 or check out their website here.

Under this plan, your payments will be the lesser of the following: With the ICR plan, your loans will be forgiven at the end of 25 years.

It's important to note that with this plan, your payments could end up being higher than the standard 10 year repayment plan.

The Income Contingent Repayment Plan (ICR) is a little different than IBR or PAYE.