Overview of Income-Sensitive Repayment Plans
The Income-Sensitive Repayment Plan is available to borrowers who have Federal Family Education Loans (FFEL). Payments increase or decrease based on your annual income as your earnings change.
Eligible Federal Loans
- Subsidized Federal Stafford Loans
- Unsubsidized Federal Stafford Loans
- FFEL PLUS Loans
- FFEL Consolidation Loans
Loans made under the William D. Ford Federal Direct Loan Program (Direct Loans) are not eligible for this plan. There are other repayment plans based on income for borrowers in the Direct Loan Program. You can explore your options from the box at the top of this page.
FFEL loans were discontinued on July 1, 2010, after being introduced in 1965 along with the Higher Education Act of 1965. During that time, around 60 million Americans used FFEL loans to help fund their education.
Your monthly payments will be based on your annual income. You will have to document your income each year during repayment so that determinations can be made on what your payments are. The maximum repayment term for this plan is 10 years.
In order to get this plan, you will need to contact your loan servicer. If you are not sure who services your loan, you can find out through the National Student Loan Data System (NSLDS™)