Rely on Freedom Loan Resolution for help with applying to income based payment plans in Ohio. Ohio students and families that are struggling with student loan debt in addition to financial hardship as a result of mandatory living expenses, car and house payments, and credit card bills may be eligible for income based payments towards their student loans.
Income based payment plans are just what they sound like – payments based on your income. In Ohio, this type of program is based on your income and your family size. In some situations, your monthly payment could be as low as $0.00 if your family size and income deem that is all you can afford.
Our student loan counselors will sit down with you and review your financial situation to help determine if an income based payment plan is right for your specific situation.