Income-Driven Repayment

Income-Driven Repayment (IDR) is a federal student loan plan that adjusts your monthly payments based on your income and family size, making repayment more affordable. Instead of a fixed amount, your payment is a percentage of your discretionary income, ensuring it reflects your financial situation. If your income is low or uncertain, IDR can reduce or temporarily pause your payments. After 20 or 25 years, any remaining loan balance may be forgiven, providing relief for those with high debt relative to their earnings. This plan helps borrowers manage debt sustainably while they build their financial stability.