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What Is an Income-Driven Repayment (IDR) Plan?

Income-Driven Repayment Plans for Student Loans

Updated over 2 months ago

IDR plans adjust your monthly student loan payments based on your income and family size. They:

  • Cap your payment at a % of discretionary income

  • Extend your loan term

  • May lead to loan forgiveness after 20–25 years

Staying on IDR can help make payments more manageable over time.

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