Independent Student Loan Consulting

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There are a number of different repayment plans that are tied to income from which borrowers may choose to repay their federal loans, if they cannot afford repayment under other more aggressive plans such as Standard 10 year. These Income Driven Repayment (IDR) plans include Income Based Repayment (IBR), Pay As You Earn (PAYE), and Revised Pay As You Earn (REPAYE).

REPAYE is the newest IDR plan and is based on the Pay As You Earn (PAYE) repayment plan. However, there are some significant differences between these two plans, as well as the older Income Based Repayment plan (IBR). The chart at this link may help explain some of the differences between these plans.

Should you have questions about these plans, please visit or contact your loan servicer, and if you want to discuss whether or not an IDR should be part of your repayment strategy and which one might be best for you, check out our extremely popular marquee service PG On-Call®. You can find information on PG On-Call® on our home page.

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