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Law School Income-Driven Repayment Plans Can Help, But Have Risks

In Part 1 we discussed how to make wise decisions before taking on law school debt. Now we will discuss two of the most significant decisions for graduates: Should you consider income-based repayment or refinance your loans?

Income-Based Repayment

Some applicants, students, and recent graduates have heard about income-driven repayment plans and consider that a cure-all for any concerns about debt. Income-driven repayment can be a good option for some graduates, but law school debtors need to know the risks involved.

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This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.