CornerStone will be closed Friday, July 3rd in observance of Independence Day; however, our website and automated phone system will be available for your convenience. We will resume normal business hours Monday, July 6th.

Income-Contingent Repayment (ICR) Plan

The Plan

  • Possible $0.00 monthly payment
  • Payments are based off your income and family size
  • Extended repayment period
  • May lead to forgiveness after 25 years of qualifying payments
  • Sign up on

Payment and Terms

Monthly payments are calculated using discretionary income and family size. Your payment will be the lesser amount of the following: 

  • 20% of your discretionary income
  • The amount you would pay under a fixed repayment plan over 12 years

On this plan payments are made up to 25 years. 

*Discretionary income is the money you have left over after the deductions of taxes and other mandatory charges.