Plans Based on Your Income

A repayment plan based on your income can help you manage your federal student loan payments.

There are four plans commonly referred to as Income-Driven Repayment (IDR) Plans and an additional Income-Sensitive Repayment (ISR) Plan. These plans offer flexible options to repay your student loan and many of them are based on financial hardship, family size, or income.

Eligibility and Program Features

Eligibility and program features are based on a number of criteria, such as loan program and disbursement date. The monthly payment amount calculated uses a formula set by the federal government. For some of the plans, married borrowers may also be able to include their spouse’s eligible federal loans in the formula depending on tax filing status.

As with any change to a repayment plan, lowering your monthly payment amount can extend the length of your loan because less money is applied to principal which can add more interest to your loan and cause the total life of the loan to increase.

Visit to see which plan is best for you

IMPORTANT: Once approved, each year you will need to update your income information and we encourage you to re-certify your marital status and family size. Your monthly payment amount may increase or decrease if your income or family size changes from year to year. As your loan servicer, we will work with you and remind you when to start the renewal process and you can always check the status online.


Benefits of Income-Driven Repayment (IDR) Plans

An income-driven repayment plan can be a valuable option for those with high debt relative to their current income. The good news is that you can make extra payments to pay off earlier or change to another repayment plan.

Once enrolled, you may also stretch out making payments for as long as 20 to 25 years, and in certain cases may be eligible for loan forgiveness of any remaining balance. For example, some public service professions may qualify after 10 years of repayment. Keep in mind, loan forgiveness may be considered taxable income.

Learn more about Public Service Loan Forgiveness on the Federal Student Aid site

Consider your repayment options carefully and compare your total anticipated costs to make an informed decision about the repayment plan that’s best for you.

Go to the Federal Student Aid site to:

Estimate payments and evaluate options

Learn more about income-driven repayment plans

You can also apply online at

Additional Resources:

Log in to the National Student Loan Data System (NSLDS) to see all of your federal student loans

Download an Overview of Direct Loan and FFELP Loan Repayment Plans

Income-Driven Repayment (IDR) Plans

Revised Pay As You Earn Repayment Plan (REPAYE)

For Direct Loans Only (excluding Parent PLUS and Consolidation Loans that repaid Parent PLUS)

Pay As You Earn Repayment Plan (PAYE)

For Direct Loans Only (excluding Parent PLUS and Consolidation Loans that repaid Parent PLUS)

Income-Based Repayment Plan (IBR)

For Direct Loans and FFELP Loans (excluding Parent PLUS and Consolidation Loans that repaid Parent PLUS)

Income-Contingent Repayment Plan (ICR)

For Direct Loans Only (excluding Parent PLUS)

Additional Plan Based on Your Income

Income-Sensitive Repayment Plan (ISR)

For FFELP Loans Only