Of course, your aim usually is to find the one with the lowest total cost of borrowing: the one that sees you pay least over the lifetime of your loan. (themortgagereports.com)
The IBR program will result in a higher total cost of borrowing over the life of the loan due to interest accrual, and any balance forgiven is taxable to the borrower. (studentloans.net)
The IBR program will result in a higher total cost of borrowing over the life of the loan due to interest accrual, and any balance forgiven is taxable to the borrower. (studentloans.net)