RISE AMERICORPS
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Income-Driven Repayment

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  • If your federal student loan payments are high compared to your income, you may want to consider an income-driven repayment plan.

  • Generally, your payment amount under an income-driven repayment plan is a percentage of your discretionary income. The percentage is different depending on the plan. Depending on your income and family size, you may have no monthly payment at all.​
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  • An income-driven repayment plan sets monthly student loan payment at an amount that is intended to be affordable based on income and family size.
An illustration of a woman in professional clothes is shown. A thought bubble above her head shows she's thinking about paperwork.
  • 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.
Click here for more information on federal student aid.
Click here for more information on repaying your loan.
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EMBARC | RISE AmeriCorps Program

4801 Franklin Ave.
Suite 1159
Des Moines, IA 50310


515-512-1881
  • Home
  • About RISE
    • Our Mission
    • Our Impact
    • Our AmeriCorps Members >
      • '21-'22 Members
    • Our Host Sites
    • Our Leadership
  • Resources
    • Timesheets
    • For Members >
      • Member Benefits >
        • Health Resources
        • Education Award
        • Living Allowance
        • Loan Forbearance
      • Enrollment and Exit
    • Training Opportunities
    • For Supervisors
    • Reporting
  • Stories
    • Blog
    • In the News
    • Stories App
  • Apply!
    • Become a Member >
      • Why Join RISE?
    • Become a Mentor
    • Become a Host Site
  • Contact RISE