Income-Driven Repayment (“IDR”) Plans can be an attractive option for federal student loan borrowers. These plans can make monthly payments more manageable, and offer forgiveness after a term of years. Eligibility depends upon a variety of factors, and must be determined on a case-by-case basis.
This flowchart helps guide your clients that hold federal student loans through the IDR options that may be available to them, and covers:
Updated for 11/15/2020