Income Driven Repayment Plan Request Fax Number

During income contingent repayment icr your monthly payments are based on your eligible federal student loan debt income and family size and you are required to reapply each year by submitting a new income driven repayment plan request form that will provide us with your updated income and family size information.

Income driven repayment plan request fax number. This program allows borrowers to make monthly payments that are based on their family size income and total debt and will either equal 20 of their discretionary income or the amount of the payments that would be made if the borrower were on a fixed 12 year repayment plan whichever is less. By mail or fax by completing the idr plan request form. These companies have no affiliation with the u s. You may be contacted by private companies that offer to help you apply for income driven repayment for a fee.

For the revised pay as you earn repaye pay as you earn paye income based repayment ibr and income contingent repayment icr plans under the william d. There are three ways you can apply for income driven repayment plan. In this post we ll cover how to apply using the paper form. You complete the income driven repayment plan request form omb no 1845 0102.

Ford federal direct loan direct loan program and federal family education loan ffel programs. There is no application fee to complete an income driven repayment plan request. On average this form takes 18 minutes to complete. Over the phone by calling your servicer.

Department of education ed or ed s federal loan servicers. 1845 0102 form approved expiration.