Consider your repayment options by Bobby Juarbe

There are many repayment options available for federal student loans following graduation. You might want to consider an income-driven repayment plan if you are just starting out in the workforce and aren't earning a lot.

You may need to submit an income-driven repayment plan to qualify for student loan forgiveness. These plans tailor your payments to your income, based on your household size.

You might not be eligible for income-driven repayment for private student loans, but your lender may offer you other repayment options that will fit your budget, including grace periods, graduated payment plans, and deferments.