Income-Contingent Repayment (ICR) Plan
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.