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Need help consolidating my student loans

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

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

This isn't a secret, but this is one of the most popular ways to currently get loan forgiveness.

Check out the Public Service Loan Forgiveness Training.

The repayment plan still caps your payment at 10% of your discretionary income, and the loan will be forgiven after 20 years.

On this plan, you will make payments for 25 years, and at that point, your loans will be forgiven.

If you are a borrower with loans July 1, 2014, your loan will not exceed 10% of your discretionary income, and the loan will be forgiven after just 20 years.

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