Georgia Student Finance Commission

Income-Based Repayment Plan (IBR)

Federal Student Loans

Income-Based Repayment Plan (IBR)

Repayment Type Information Eligible Loans Monthly Payments Quick Comparison
Income-Based Repayment Plan

If your outstanding federal student loan debt is higher than your annual income or if it represents a significant portion of your annual income, you may want to repay your federal student loans under an income-driven repayment plan.

Most federal student loans are eligible for at least one income-driven repayment plan.

Direct Subsidized and Unsubsidized Loans


Subsidized and Unsubsidized Federal Stafford Loans


All PLUS loans made to students


Consolidation Loans (Direct or FFEL) that do not include Direct or FFEL PLUS loans made to parents

Your maximum monthly payments will be 15 percent of discretionary income, the difference between your adjusted gross income and 150 percent of the poverty guideline for your family size and state of residence (other conditions apply).

Your payments change as your income changes.

Payments are made for up to 25 years.

You must have a partial financial hardship.

Your monthly payments will be lower than payments under the 10-year standard plan. You'll pay more for your loan over time than you would under the 10-year standard plan. If you have not repaid your loan in full after making the equivalent of 25 years of qualifying monthly payments, any outstanding balance on your loan will be forgiven. You may have to pay income tax on any amount that is forgiven.

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