IBR is a type of student loan repayment plan that is based on your income and family size. 

On IBR INFO you can find information about how IBR works, how to qualify for IBR and how to apply for IBR. We also publish content related to financial planning, loans, credit and debit cards, and other relevant information.

What are Income-driven repayment plans?

Income-driven repayment plans are repayment plans that tie your monthly student loan payment to your income. These plans are available to borrowers with federal student loans.

There are four income-driven repayment plans:

  • Income-Based Repayment (IBR)
  • Pay As You Earn (PAYE)
  • Revised Pay As You Earn (REPAYE)
  • Income-Contingent Repayment (ICR)

Your monthly payment amount is generally lower with an income-driven repayment plan than with the standard 10-year repayment plan. You may have a longer repayment period with an income-driven repayment plan.

An income-driven repayment plan can help make your monthly student loan payments more affordable. If you have a high debt-to-income ratio, an income-driven repayment plan may be a good option for you.

If you are interested in an income-driven repayment plan, you must first contact your loan servicer to see if your loans are eligible. Not all loans are eligible for all income-driven repayment plans.

What is IBR

Income-based repayment (IBR) is a repayment plan available to federal student loan borrowers. It's based on the idea that how much you pay each month should be related to your ability to pay, not how much you owe.

How To Qualify For IBR

To qualify for IBR, you must have a partial financial hardship. This means that the monthly amount you would be required to pay on your eligible federal student loans under a standard 10-year repayment plan is higher than the monthly amount you would be required to pay under IBR.

Benefits Of IBR

The main benefit of IBR is that it can significantly lower your monthly payment if you have low income and high debt.

Income-Based Repayments - IBR

Income-based repayment (IBR) is an income-driven repayment plan available to borrowers with federal student loans. IBR is generally best for borrowers who have a high debt-to-income ratio and who need to lower their monthly student loan payments.

Under IBR, your monthly student loan payment is capped at a percentage of your discretionary income. Discretionary income is the difference between your adjusted gross income (AGI) and 150% of the poverty line for your family size.

Your monthly payment amount under IBR will never be more than the monthly payment amount you would have under the standard 10-year repayment plan.

If you have a partial financial hardship, your monthly payment under IBR will be equal to 10% of your discretionary income. If you do not have a partial financial hardship, your monthly payment will be 15% of your discretionary income.

The repayment period for IBR is 20 or 25 years, depending on when you took out your loans.

If you are a new borrower on or after July 1, 2014, you will have a 20-year repayment period.

If you are an older borrower, you will have a 25-year repayment period.

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Help Is here

Income based repayment plans is what you're here for and we can point you in the right direction. If your repayments are too high for your student loan, you may want to visit this link:


For those of you who are not familiar with income based, or income driven repayment plans, it is where you repay your loan as a percentage of your current income. This makes it more sustainable and you can live a more normal life.

The IRS Data Retrieval Tool is Back Up for Student Loan Borrowers

Good news, if you are a student who has a loan to repay you can now use the IRS Data Retrieval Tool (DRT) which automatically transfers your tax information into the online application for income-driven repayment (IDR) plans.

Learn more here: https://studentaid.gov/resources/irs-drt-text

Public Service Loan Forgiveness (PSLF)

If you work for a non profit, or the government you may be eligible for the Public Service Loan Forgiveness (PSLF). Just worth noting.