: The plan is designed to shield borrowers from "runaway interest," ensuring that full, on-time payments help reduce the actual principal balance over time.

: Borrowers can subtract $50 per month from their calculated payment for each dependent child listed on their tax return.

: Monthly payments are set at 1% to 10% of your annual adjusted gross income.

If you are looking to avoid traditional loans, consider these innovative options: Update on Federal Loan Changes Beginning in 2026

: Now capped at $20,000 per year per student with a $65,000 lifetime limit.