Student Loan Angel solution
Income-Driven Repayment Plans (IDR)
Income-driven repayment plans set the monthly payment based on your income and family size, and can forgive the remaining balance at the end of the plan period. Picking the right plan and recertifying on time prevents surprises.
Eligibility requirements
- Federal loans that can enter an available IDR plan
- Loans in good standing: defaulted loans must exit default first
- Income documentation: a tax return or pay stubs
Timing and considerations
Plan availability and payment formulas change through legal and administrative action. Confirm your options at the official source.