What is an Income Driven Repayment Plan?

Income-driven repayment (IDR) plans cap monthly payments in proportion to your income, (10%, 15%, or 20%).

These plans particularly assist those with a high student loan balance compared to their income.

Those pursuing forgiveness will particularly benefit from income-driven repayment because the idea is to pay the least amount monthly to max out forgiveness potential in 10 years.
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Chipper will walk you through the different IDR plans considering your income, marital status, and family size, comparing side-by-side the PROs and CONs of each plan.