The most popular program is income-based repayment (IBR), which caps loan payments at 10 percent of disposable income, with forgiveness of the balance after 20 years of payments.
An estimated 24 percent of recent grads opting for income-based repayment.
offer benefits and protections that do not transfer to private lenders.
This is often the reason that people cite when they say you shouldn’t combine federal and private loans.
Similarly, the Teacher Loan Forgiveness Program is available for teachers who work in schools that serve low-income families full-time for five consecutive years.