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By Anslem Samuel | Published September 2, 2011 | Full size is 620 × 480 pixels

Income-Based Repayment This is a repayment option for students with certain federal school loans. It allows you to base your payment amount on how much you make so that your installments are more affordable. It is less than what you’d have to pay under the typical 10-year repayment plan.

Income-Based Repayment This is a repayment option for students with certain federal school…

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