Question

Loans can come with different repayment options. Which option will always be most logical?

Answer 1

The one with the least cost of borrowing

Explanation:

Answer 2

Best repayment option: income-driven repayment.

Explanation:

The government offers four income-driven repayment plans: income-based repayment, income-contingent repayment, Pay As You Earn (PAYE) and Revised Pay as You Earn (REPAYE). These options are best if your income is too low to afford the standard payment.

Hope this helps:) Happy New Year!