Georgia Student Finance Commission

Income-Contingent Repayment Plan (ICR)

Federal Student Loans

Income-Contingent Repayment Plan (ICR)

Repayment Type Information Eligible Loans Monthly Payments Quick Comparison
Income-Contingent Repayment Plan (ICR)  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.

Direct Subsidized and Unsubsidized Loans


Direct PLUS Loans made to students


Direct Consolidation Loans

Payments are calculated each year and are based on your adjusted gross income, family size, and the total amount of your Direct Loans.

Your payments change as your income changes.

Payments are made for up to 25 years.

You'll pay more for your loan over time than under the 10-year standard plan.

If you do not repay your loan after making the equivalent of 25 years of qualifying monthly payments, the unpaid portion will be forgiven.

You may have to pay income tax on the amount that is forgiven.

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