Income-Contingent Repayment

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To Be Eligible …

You must make 25 years of eligible payments or 300 payments under the income-contingent repayment (ICR) program.

Payments are calculated each year and are based on your annual income (this includes your spouse’s income if you file jointly), family size, and the total amount of your federal student loans. Payments are capped at 20% of your discretionary income.

If you are eligible, you can have up to 100% of your outstanding balance forgiven after 25 years (10 if you work for a public service or nonprofit employer).

Loans That Qualify
  • Direct Stafford loans
  • Direct Grad PLUS loans
  • Direct Consolidation loans (including those with Parent PLUS loans)
Next Steps

To apply for ICR, sign in to studentloans.gov and complete a request form.

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