Income-Driven Repayment plans are designed to make repaying your student loan debt more manageable by basing your monthly payment amount on your income, family size/dependents, and federal student loan debt. If your current loan payment is high compared to your income, we recommend you repay your loan(s) under one of the following income-driven plans.
Seeking Public Service Loan Forgiveness?
If so, you should repay your loans under an income-driven repayment plan.
Discover the Right Plan
Want to see a side-by-side comparison of each repayment plan, which plan(s) you’re eligible for, and what your monthly payment will be?
Use the Loan Simulator tool on StudentAid.gov to see which plan is right for you.
Loan SimulatorHow to Submit Your Request
Skip the paperwork and have your request processed faster by completing it online at StudentAid.gov*. This is the quickest and easiest way to submit your request. You will need your FSA ID, personal information, spousal information (if applicable), and income information to complete the request.
If you are unable to complete the online request, you can get a copy of the paper request form on our Forms page.
Submit Your RequestWhat happens after I submit my request?
- After requesting an Income-Driven Repayment plan, a processing forbearance may be placed on your account to allow us time to review all necessary documentation related to your plan eligibility.
- Allow 7-10 business days for processing and we will notify you if your request was approved, denied, or if additional information is needed.
- If your account is delinquent at the time of your request, an additional forbearance may be applied to cover any outstanding delinquency.
- Once you are approved for an Income-Driven Repayment plan, your reduced payment amount will be valid for 12 months, and you will be required to recertify each year by submitting a new Income-Driven Repayment Plan Request application that will provide us with your updated income and family size information.
How long will I be in repayment under an Income-Driven Repayment plan?
If your balance is not repaid in full after making the equivalent of 20-30 years of qualifying monthly payments and at least 20-30 years have elapsed, any remaining debt will be eligible for forgiveness.
The Income-Driven Repayment plans have different repayment periods, as indicated in the chart below.
| Income-Driven Repayment Plan | Repayment Period |
|---|---|
| PAYE Plan | 20 years |
| IBR Plan | 20 years if you’re a new borrower on or after July 1, 2014 25 years if you’re not a new borrower on or after July 1, 2014 |
| ICR Plan | 25 years |
| RAP | 30 years |
Additional Resources
- Repayment Plan Comparison Chart
- Income-Driven Repayment Plans (StudentAid.gov)
- Income-Driven Repayment Form
English - Lower Payment Options