25. which of the following is a benefit of an income - driven repayment plan? * 1 point theoretically, your…

25. which of the following is a benefit of an income - driven repayment plan? * 1 point theoretically, your payment should never be more than you can afford you will pay the least amount of interest over the life of the loan when compared to other loans theyre structured to be paid off in 5 - 10 years even if you start to make more money, your monthly payments wont change

25. which of the following is a benefit of an income - driven repayment plan? * 1 point theoretically, your payment should never be more than you can afford you will pay the least amount of interest over the life of the loan when compared to other loans theyre structured to be paid off in 5 - 10 years even if you start to make more money, your monthly payments wont change

Answer

Brief Explanations:

Income - driven repayment plans base payments on a percentage of the borrower's income. So payments are adjusted according to what the borrower can afford. Other options are incorrect: these plans may not result in the least interest over the loan life, repayment periods can be longer than 5 - 10 years, and payments can change if income changes.

Answer:

Theoretically, your payment should never be more than you can afford