Always apply for income based whenever possible regardless. Income-based allows for A. Interest to only accrue based on the principal and not allow for capitalization of interest and therefore B. incentive to pay the minimum on your loans and then push an extra money ( what would be standard payment or more) to the loan with the highest interest for long term, with IBR, PAYE, or REPAYE any remaining loan balance is forgiven after 20-25 years. When I get the full time job and start making decent money should I begin paying off the loan debts aggressively with as much as I can, or should I just stick with the income based …Income-driven repayment plans can help lower your monthly student loan payment. Under these plans, your monthly payment is based on your income and family size. IDR plans include Revised Pay As You Earn (REPAYE), Pay As You Earn (PAYE), Income-Based Repayment (IBR), and Income-Contingent Repayment (ICR) ;· An income-based repayment (IBR) plan is a debt repayment option for anyone holding a federal student loan. This plan sets a person’s monthly student loan payment at an amount that is affordable to the borrower since the payment is based on your monthly income and family ;· Income-based repayment plans allow borrowers to make monthly payments equal to 10% to 20% of monthly discretionary income and have any balance forgiven after 20 or 25 years of on-time payments. (All new borrowers in the federal student loan program as of 2014 can use the most generous version of the program, IBR, which sets payments at 10% of

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