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  1. 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.

  2. What income-driven repayment (IDR) plans are available? There are four different IDR plans: Saving on a Valuable Education (SAVE) Plan—formerly known as REPAYE. Income-Based Repayment (IBR) Plan. Pay As You Earn (PAYE) Repayment Plan. Income-Contingent Repayment (ICR) Plan.

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

  5. 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.

  6. Jul 1, 2024 · 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.

  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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