INCOME-DRIVEN REPAYMENT
Overview
Income-driven repayment (IDR) plans set 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.
For the most current information on Income-Driven Repayment (IDR) Plans, please refer to the latest information from Federal Student Aid.
- Federal Student Loan Repayment Plans
- Latest developments in the litigation over the SAVE Plan: SAVE Plan Court Actions: Impact on Borrowers | Federal Student Aid
- About IDR Plans: Income-Driven Repayment Plans
- How to apply for IDR or for a consolidation loan: SAVE Plan Court Actions: Impact on Borrowers | Federal Student Aid
Historical IDR Plan Request Information & Documents for the Direct Loan and FFEL Programs
EA 2019-09-05 General
Subject: Revision of the Income-Driven Repayment Application
GEN-16-18
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
EA 12/21/2012 IBR / PAYE / ICR Plan Request
Electronic Announcement dated December 21, 2012; and
EA 01/11/2013 Electronic IBR/PAYE/ICR
Updated: January 11, 2013
PLEASE NOTE: The Income-Based Repayment Plan Implementation Guide can be found on the Income-Based Repayment page.