Repayment Plans

Income-driven repayment plans can provide critical relief for federal student loan borrowers who owe more in federal student loans than they earn in a year, and for those who work in public service. This session will provide an overview of the Department of Education’s income-driven repayment plans, including borrower eligibility criteria and loan forgiveness provisions. We will also explain the relationship between income-driven repayment plans and Public Service Loan Forgiveness. Finally, we will provide an overview of the negotiated rulemaking and proposed changes in the Revised Pay as You Earn (REPAYE) plan.