Question 50 (1 point) Derrick makes $37,500 a year. Given his current financial situation, he is looking for some relief from his federal student loan payments as he is currently paying $500 a month. He heard about the income based repayment plan option where he would only have to pay 15% of his discretionary income as a debt payment. The current federal poverty level threshold is $16,500 for Derrick. How much will Derrick have to pay on a monthly basis if he changes his repayment method from a standard repayment plan to an income based repayment plan? $254 (rounded up) $275 (rounded up) $263 (rounded up) $287 (rounded up)