video1.0<iframe src="https://www.loom.com/embed/4f107b1a43f74916abf1ee3383e1ad31" frameborder="0" width="3840" height="2880" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>28803840Loomhttps://www.loom.com28803840https://cdn.loom.com/sessions/thumbnails/4f107b1a43f74916abf1ee3383e1ad31-cd48b90affac66d7.gif298.71This Loom explains how easy it is to apply for income-driven repayment plans on Summer. After a borrower creates an account and answers questions about their education status, payment experience, household income, family size, state (York mentioned), credit uncertainty, federal debt levels, and whether they are in default, the platform runs calculations to match eligible federal programs. It then guides syncing federal loans via a one-click download from the Office of Federal Student Aid and automatically detects multiple loans across servicers, illustrated with $15,000 at one servicer and $40,000 in federal loans. For a borrower earning $50,000 as a single person, Summer presents two options: a repayment assistance plan with about $167 monthly payments and about $100,000 total paid over about 22 years, and a plan to pay less overall with about $217 monthly payments, a 20-year cap, $44,000 forgiveness, and about $73,000 repaid total.