- Reduce your monthly student loan payment;
- Receive credit towards student loan forgiveness, including Public Service Loan Forgiveness; and
- Avoid capitalization on accrued interest as long as you remain in income-driven repayment.
- Making payments on Federal Direct Loans
- Using an income-driven repayment plan (ICR, IBR, PAYE, REPAYE) for those Direct Loan payments
- Being employed by a Federal, State, Tribal, 501c3 or other eligible non-profit organization while making payments
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Dr. Tony Bartels graduated in 2012 from the Colorado State University combined MBA/DVM program and is an employee of the Veterinary Information Network (VIN) and a VIN Foundation Board member. He and his wife have more than $400,000 in veterinary-school debt that they manage using federal income-driven repayment plans. By necessity (and now obsession), his professional activities include researching and speaking on veterinary-student debt, providing guidance to colleagues on loan-repayment strategies and contributing to VIN Foundation initiatives.