 TITLE: How Does a Repayment Plan Work? CONTENT: What Are the Benefits of a Repayment Plan?\n------------------------------------------\nThe right student loan repayment plan can make your payments more affordable while you search for a job and navigate life after graduation.\nIf you opt for a graduated repayment plan, for instance, you'll make lower payments to start, allowing for some flexibility in the first few years of repayment. An income-driven repayment plan can keep your bills manageable if your loan balance is high compared to your income and you need a long-term affordability solution.\nA mortgage repayment plan can be beneficial if you'd otherwise be at risk of foreclosure. If you're coming back from a short period of financial hardship, perhaps due to job loss or medical bills, choosing a repayment plan can get your mortgage back into good standing.\nEven if you can't afford to enter a repayment plan now, you may be able to put your mortgage into forbearance until you can. Let your lender know if you're expecting a bonus from work or another additional source of income, and the lender may let you pause payments and start a repayment plan when your income increases. END