Does Family Size Effect Your Student Loan Payment?

How a big family can save you big(ish) money.

Photo by Craig Adderley from Pexels

Unless you are one of the dwindling few student loan borrowers who are on a fixed payment plan, your monthly student loan amount is heavily dependent upon two main items: income and family size.

Most Income Drive Repayment (IDR) plans rely on calculating your family’s…