Loans

Income-Driven Repayment

Federal student loan repayment plans that cap payments at a percentage of discretionary income. Plans include IBR, PAYE, REPAYE/SAVE, and ICR, with forgiveness after 20-25 years.

Related Terms

Student Loan
Loan Forgiveness
Public Service Loan Forgiveness (PSLF)

Related Calculators

Student Loan Calculator

Understanding Income-Driven Repayment

Income-Driven Repayment is a key concept in loans. Understanding this term helps you make more informed financial decisions. Use our related calculators above to see how income-driven repayment affects your specific situation.