Income-driven repayment (IDR) plans sets monthly federal student loan payment at an amount intended to be affordable based on income and family size. Specifically, IDR plans set payments at a percentage of discretionary income and includes loan forgiveness for any remaining balance after the required repayment period.The Direct Loan program has four IDR plans.
Income-Driven Repayment Plan Request Information & Documents for the Direct Loan and FFEL Programs
This DCL announces the approval of changes to the Income-Driven Repayment Request form (IDR Request) for the Direct Loan and FFEL programs.
Loan Servicing Information – Availability of Pay As You Earn Repayment Plan and Electronic IBR/Pay As You Earn/ICR Repayment Plan Request
PLEASE NOTE: The Income-Based Repayment Plan Implementation Guide can be found on the Income-Based Repayment page.