An income-driven repayment plan sets your monthly student loan payment at an amount that is intended to be affordable based on your income and family size.
There is no cost to discover and manually enroll in the Income-Driven Repayment. If you wish to automatically enroll, there is a cost of $39 per year. Which includes automatic yearly recertification, loan and plan management, and alerts if you ever become ineligible for any reason.
You must have federal loans. Unfortunately, private loans are not eligible.
You will need to recertify your income and family size every year. But don’t worry, we can help you recertify.
Yes, for free at anytime.
No, choose the best plan for you and apply only once.
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