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How To Demolish Your Student Loans With Student Loan Forgiveness

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Bob Sun
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For many student loan borrowers, student loan forgiveness seems like an elusive golden ticket to financial freedom.

Here is what you need to know about student loan forgiveness:

Today, the standard student loan repayment period is 10 years.

However, the federal government created several income-driven repayment plans (including PAYE and REPAYE) to help make student loan payments more affordable for borrowers who cannot afford their monthly payment.

Under REPAYE, if you have graduate school student loan debt, the repayment period is 25 years before your remaining student loan debt is forgiven.

On October 13, Trump an income-based repayment plan that allows borrowers to cap their monthly student loan payments based on their income and then have their student loans forgiven after a certain period of time.

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Bob Sun
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