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   What are income-driven repayment plans?

   • 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. If you need to make lower monthly payments, we recommend that you repay your loan (s) under one of the following income-driven plans.

   Income-Driven Repayment Information Center - Edfinancial Services

   edfinancial.studentaid.gov/idr

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   What is an income-driven repayment (IDR) plan?

   • 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. Applying is free. You can estimate your monthly payments under different repayment plans using Loan Simulator.

   7 FAQs About Income-Driven Repayment Plans – Federal Student Aid

   studentaid.gov/articles/idr-plan-could-save-money/

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   What is the income-driven repayment plan (IBR)?

   • The IBR is the only income-driven repayment plan where FFELP loans are eligible. Your monthly payments will be based on your eligible federal student loan debt, family size, and your income. Your monthly payment amount will be capped at 10% or 15% of your discretionary income (depending on when you received your first loans).

   Income-Based Repayment (IBR) - Edfinancial Services

   edfinancial.studentaid.gov/ibr

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   How does the new student loan repayment plan work?

   • Under the new plan, income-driven repayment for undergraduate loans would be set at 5% of discretionary income. This means, on top of the lowered repayment amount based on the change in discretionary income calculations, borrowers with undergraduate loans will pay much less.

   New ‘SAVE’ Repayment Plan for Student Loans: How it Works

   www.nerdwallet.com/article/loans/student-loans/the-new-idr-plan

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2. edfinancial.studentaid.gov › idrIncome-Driven Repayment Information Center - Edfinancial Services

   edfinancial.studentaid.gov › idr

   • Cached

   ICR Plan. 25 years. 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.

   • 7 FAQs About Income-Driven Repayment Plans – Federal Student Aid

     1. What income-driven repayment (IDR) plans are available?...

   • Income-Driven Repayment (IDR) Plans Overview

     What Are Income-Driven Repayment (IDR) Plans? Income-driven...

   • Income-Driven Repayment (IDR) Plans

     What to know about IDR Plans. IDR plans may offer lower...

   • Income-Based Repayment (IBR) - Edfinancial Services

     Income-driven repayment plans are designed to make repaying...

   • Saving on a Valuable Education (SAVE) Plan (formerly the ...

     Income-driven repayment plans are designed to make repaying...

3. www.nerdwallet.com › article › loansNew ‘SAVE’ Repayment Plan for Student Loans: How it Works

   www.nerdwallet.com › article › loans

   • Cached

   Apr 16, 2024 · The newest federal income-driven repayment (IDR) plan, Saving on A Valuable Education (SAVE), launched in August 2023. It replaced REPAYE, a previous IDR plan that rolled out in 2015....

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5. Top Stories

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     CNET

     Student Loan Forgiveness Update: Biden Administration Cancels Debt for Another 160,000 Borrowers

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