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Am I Eligible For An IDR Plan For My Federal Student Loans?

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**Note: This guide does not reflect changes from President Biden’s Student Debt Relief Plan. We will continue to monitor the situation and make changes once more finalized information is provided.**

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:

  • Loan type and timing issues
  • Financial hardship requirements
  • Monthly payment amounts
  • Loan repayment terms

 

Updated for 12/1/2022


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