Income-Driven Repayment

What is Income-Driven Repayment (IDR)?
Which plans am I eligible for?
What's my monthly payment?
How long will I be making payments?
How do I apply?

What is Income-Driven Repayment (IDR)?

Income-driven repayment, or IDR, (including Income-Based Repayment, Pay As You Earn, and Revised Pay As You Earn) is a way to make your federal student loan payments more manageable. Your monthly payments are capped at a low percentage of your income, and any remaining debt is forgiven after 20 or 25 years (depending on the plan). If you are having trouble affording your monthly payments - or just want the assurance of payments based on your income - check out IDR and see if it's right for you.

See the chart below for a simple comparison of the IDR plans.


This website focuses on Income-Based Repayment (IBR), Pay As You Earn (PAYE), and Revised Pay As You Earn (REPAYE), the IDR plans that generally provide borrowers with the lowest monthly payments. For more information about the Income-Contingent Repayment (ICR) plan, visit the U.S. Department of Education's webpage,

IDR plans can help keep monthly payments manageable and help you avoid default, but may not be best for everyone. Depending on the plan and how your income changes over time, you may end up paying more in total under IDR than you would under other repayment plans, such as the 10-year standard plan.

Income-Based Repayment and Pay As You Earn are two ways to help keep monthly payments affordable based on your income and family size. Visit the Department of Education’s Repayment Estimator to find out what your payments might be.

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