Fact: If an incarcerated individual is not in default on their federal student loans they could be eligible for one of the income-driven repayment plans. Under these plans, the individual may qualify for reduced or $0 payments on their student loans. By using these payment plans, individuals may eventually pay off their loans. If an incarcerated individual defaults on a federal student loan, he or she must resolve the default before taking advantage of an income-driven repayment plan.
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