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  1. Fill out an application for an income-driven repayment (IDR) plan or recertify your existing IDR plan to potentially lower your student loan payments.

  2. An income-driven repayment (IDR) plan bases your monthly student loan payment amount on your income and family size. For some people, payments on an IDR plan can be as low as $0 per month.

  3. Income-driven repayment plans are designed to make repaying your student loan debt more manageable by reducing your monthly payment amount. They are based on your income, family size, and federal student loan debt.

  4. On an income-driven repayment (IDR) plan, your monthly payment is based on your income and family size. Our newest IDR plan, the Saving on a Valuable Education (SAVE) Plan, has unique benefits that can lower payments for many borrowers.

  5. The following plans are considered IDR: Saving on a Valuable Education (SAVE) Pay As You Earn (PAYE) Income-Based Repayment (IBR) Income-Contingent Repayment (ICR) These repayment plans are unique: Eligibility - Based on income, family size, your loan balance (s) and the types of federal student loans you have.

  6. Income-driven repayment (IDR) plans are a great option if your monthly payment feels high compared to your income. These plans can make payments more manageable, help you make progress on your loan, and provide flexibility as your income changes.

  7. Income-driven repayment plans are designed to make repaying your student loan debt more manageable by reducing your monthly payment amount. They are based on your income, family size, and federal student loan debt.

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