Income Based Student Loan Repayment Programs
IBR or income-based repayment plans are programs that reduce the size of your payment based on income and family size. These allow you to reduce your debt into an affordable monthly payment based on your unique situation (which can even be $0/month!).
Federal Student Loan Forgiveness Programs
Loan Forgiveness programs are just what they sound like, if you qualify, a portion of the loan is forgiven after time. These programs exist for people that work in multiple fields from education to health care to public service and more. If you cannot afford to pay off your loans in full, after a fixed number of qualifying payments, the remainder of your loan is forgiven completely.*
Best Student Debt Consolidation
Student loan consolidation was made to make it easier for millions of Americans to pay off their student loan debt. When you consolidate your student loans to get one payment to one lender, once-a-month, it doesn't get an easier than that!
*Each of the DOE's forgiveness programs has specific conditions and requirements that must be satisfied, and many borrowers will not qualify under any of these programs. Since some of these conditions and requirements will depend on future events, Student Loan Direct cannot guarantee or even determine if you will qualify for forgiveness.