Student loan borrowers — including higher earners — may qualify for lower monthly bills soon

Borrowers should be able to move between repayment plans at any time.

You won’t lose your progress toward loan forgiveness by changing plans, said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit.

“The good news is that all of these plans cross-pollinate, so whatever ‘count’ they have on ICR or PAYE will also count towards whatever plan they switch to,” Mayotte said.