By Jessi Morales
April 25, 2016

Income-driven repayment plans are designed to keep federal student loan borrowers’ monthly payments low and affordable. Monthly payments are adjusted each year based on changes to annual income and family size. You might qualify for Income-Based Repayment (IBR), Pay As You Earn (PAYE), or Revised Pay As You Earn (REPAYE) — use this chart to determine which one works best for you!

For more information and to enroll in IBR, PAYE, or REPAYE, contact the servicer of your student loan. To find your servicer, visit


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