These plans aim to help struggling student loan borrowers. Here’s what can go wrong
With more and more student loan borrowers falling behind, it’s clear many people need a way to make their monthly bills more manageable. Enter income-driven repayment plans, which some 8 million borrowers are enrolled in.
In theory, the plans are simple: Borrowers’ bills are capped at a portion of their income. Some payments wind up being as little as $0. (Presidential contender Joe Biden has…
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