How do I apply for income-driven repayment plans?
An example of an AI chatbot conversation about applying for income-driven repayment plans.
How do I apply for income-driven repayment plans?
To apply for income-driven repayment plans, you need to fill out the Income-Driven Repayment Plan Request form. You can do this online through your loan servicer's website.
What information do I need to provide?
You'll need to provide your income information, family size, and any other financial details that may affect your repayment plan.
How long does the application process take?
The application process can take a few weeks, but you should receive a response from your loan servicer within 30 days.
Can I apply if I'm currently in default?
Yes, you can apply for an income-driven repayment plan even if you're in default, but you may need to rehabilitate your loans first.
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