Students Borrowers: Hope For Income-driven Repayment Plan Unveiled

All students borrowers interested in having a plan to organize their loans should check the Income-Driven Repayment.

The Income-driven repayment is a plan designed to make your student debt more manageable by reducing your monthly payment amount.

According to Federal Student Aid, you can get help to organize your payment plan.

Who is eligible?

Most federal student loans are eligible for at least one income-driven repayment plan.

The Income-driven repayment helps student borrowers that have higher debt than income. It is intended to be affordable based on your income and family size.

Who can apply for it?

If you need to make lower monthly payments or if your outstanding federal student loan debt represents a significant portion of your annual income, one of the following income-driven plans may be right for you.

Student loans borrowers who don’t have an IDR Plan and are seeking a lower monthly payment on their federal student are eligible.

Also, borrowers on an IDR Plan who need to re-certify or make changes to their repayment plan can apply for a different plan.

There is no application fee to complete an Income-Driven Repayment Plan request. You may be contacted by private companies that offer to help you apply for Income-Driven Repayment, for a fee.

The IDR Plan has no affiliation with the U.S. Department of Education (ED) or ED’s Federal Loan Servicers.

What’s the IDR Plan about?

The Income-Driven Repayment Plan generates your payment amount under an income-driven repayment plan as a percentage of your discretionary income.

The percentage is different depending on your income and family size, you may have no monthly payment at all.

To apply for the Income driven repayment plan, CLICK HERE

Top 15 Fake Loan Apps In Nigeria 2022

Many of these fake loan apps do not have any physical office address, do not have a website, some don’t even have any online presence yet they found their way somehow into Google Play Store and get into scamming poor Nigerians of their hard earned money. Google should bring down and clampdown on more of these loan apps once they are discovered to be violating its set down policies.

The following form our list of top 15 fake loan apps in Nigeria. We advise borrowers and customers to avoid them at all cost. Many have been scammed and defrauded, and their bank accounts illegally debited by these fradulent digital lending apps.