My monthly payment is really low or even $0. Is this okay?

Yes, it is.

It is common for new grads (those who have been out of school for less than 2 years) to have really low payments for the first 12 – 24 months on their income-driven repayment plan. This occurs because you did not work the previous year or earned very little income. Therefore, your monthly payment will be low. For more information, check out our Income-Driven Repayment Guide.

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