Income-driven repayment

Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size.

The phrase is an umbrella term for four specific repayment plans that are available within the William D. Ford Federal Direct Loan Program (FDLP, FDSLP, Direct Loan) and the Federal Family Education Loan Program (FFEL). The four plans are:

  • Income-Based Repayment (IBR)
  • Pay As You Earn (PAYE)
  • Saving on a Valuable Education (SAVE), which automatically replaced Revised Pay As You Earn (REPAYE) in 2023 In 2024, the SAVE program was frozen, pending lawsuits.
  • Income-Contingent Repayment (ICR)
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