I am 50 years old, unmarried and have a balance of 185,000 in Federal student loans (two consolidated loans: one for 135,000 and the other 50,000).  I graduated from graduate school in 2001.  Entire loan amount is from graduate school.  I entered an IBR plan in 2010 and have made about 80 monthly payments to date.  I currently pay 1285.00/mo for the IBR plan.  My current interest rate is 5.75%.  Do I qualify to change to the REPAYE plan AND, more importantly, would it make financial sense to do so.  I don’t anticipate ever being able to pay off the debt.