- The federal government offers four income-driven repayment plans:
- Revised Pay As You Earn Repayment Plan (REPAYE Plan)
- Pay As You Earn Repayment Plan (PAYE Plan)
- Income-Based Repayment Plan (IBR Plan)
- Income-Contingent Repayment Plan (ICR Plan)
* If you are seeking Public Service Loan Forgiveness, you should repay your federal student loans under an income-driven repayment plan.
*This would be an alternative to putting qualified student loans into forbearance.