Income-Driven Repayment
Consumer guide to income-driven repayment.
Editorial note: This guide is educational. Pricing, programs, eligibility and rules can change. Verify important details with current official sources and qualified professionals.
Overview
Income-driven repayment plans generally calculate eligible federal student loan payments using income, family size and plan rules.
What to Consider
Compare payment formulas, annual recertification, interest treatment, loan eligibility and possible remaining balances under current rules.
Questions to Ask
- How is discretionary income calculated?
- When must income be recertified?
- What happens if income or family size changes?