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The ICR plan can be an excellent option for many borrowers, especially those facing financial challenges. This plan is beneficial because it adjusts payments according to your income, which can make managing debt more manageable. Additionally, after 25 years of qualifying payments, any remaining balance may be forgiven. Therefore, if you're struggling to keep up with fixed payments, considering the DoE IBR/PAYE/ICR Repayment Plan Request might be worthwhile.
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