What is the Income Based Repayment Plan (IBR)?
If your federal student loan debt is high relative to your income and family size, you may be eligible for the Income Based Repayment Plan (IBR). Under this repayment plan, your required monthly payment would be capped at an amount to reflect your monthly income. For more information on eligibility requirements, its benefits, as well as an IBR payment calculator, please visit the IBR webpage.
Please contact your loan servicer to request an application, and that you DO NOT need to pay anything to apply.