Income-Driven Repayment (IDR) Plans

Income-Driven Repayment (IDR) Plans are options for student loan borrowers that base their monthly payments on their income and family size. Instead of paying a fixed amount, your payment is adjusted so it’s affordable relative to what you earn. After a set period, usually 20 or 25 years, any remaining loan balance may be forgiven. These plans help make repayment manageable for those with lower incomes or financial challenges, ensuring monthly payments are fair and sustainable while providing a pathway toward eventual loan forgiveness.