What is the goal of repayment plans for student loans?

The goal of repayment plans for student loans is to facilitate payment over time. These plans are designed to help borrowers manage their student loan debt by breaking down the total amount owed into more manageable monthly payments. This approach allows borrowers to fulfill their financial obligations without overwhelming them, thereby making it easier to budget and plan for other expenses.

Repayment plans may offer various structures, such as fixed monthly payments or income-driven options, which adjust based on the borrower's financial situation. Ultimately, the focus is on ensuring that borrowers can consistently make payments while reducing their overall debt over time.

Other options, such as deferring payments indefinitely, increasing total debt, or eliminating interest rates, do not align with the primary purpose of student loan repayment plans, which seek to create a sustainable path towards debt resolution.