after 10 years of regular payments, and some income-driven repayment plans cancel the remainder of a borrower’s debt after 20 to 25 years.Borrowers who have been If you’d like to repay your federal student loans under an income-driven plan, the first step is to If you sign up for automatic payments, the servicer takes a quarter of a percent off your interest rate.You can enroll in automatic payments through your loan servicer's account.
“The Department of Education will never call you on the phone. So, if you’re getting a phone call that says ‘Hey, pay $100 now and you’ll get your debt canceled,’ that’s a red flag that it's a scammer,” said Czulada.that you know their official email addresses, check for typos in advertisement and never share your log-in information.