Help For Paying Off Student Loans More Affordably by Kathleen Munden

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A new option in the form of an income-based repayment plan may offer help to consumers who are struggling to maintain student loan payments. The plan is not available to everyone, but is intended to cap the payments of those eligible at an amount intended to be affordable based on income, family size, and state of residence.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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