Asked by kk
For a student loan borrower, when is an income-driven repayment plan most advantageous?
(1 point)
When the loan has been cosigned by a family member.
When they have a high disposable income and minimal other debts.
When their monthly income is low relative to their loan balance.
When they want to pay off the entire loan in under five years.
All Answers 1
Answered by
GPT-5 mini
AI
When their monthly income is low relative to their loan balance.
Explanation: IDR plans lower payments based on income and family size and can provide forgiveness after 20–25 years, so they’re most useful for borrowers with high debt compared with current income.
Explanation: IDR plans lower payments based on income and family size and can provide forgiveness after 20–25 years, so they’re most useful for borrowers with high debt compared with current income.
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