IDR Plans Explained: Student Loan Repayment Options

On Feb. 18, 2025, a federal court issued a new injunction preventing the U.S. Department of Education from implementing the Saving on a Valuable Education (SAVE) Plan and parts of other income-driven repayment (IDR) plans. We will continue to update https://StudentAid.gov/courtactions with more information.

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Income-driven repayment (IDR) plans are intended to be the most affordable repayment plans.

This video explains what IDR plans are and how they adjust based on your income and family size. IDR plans change with you as life changes, unlike fixed payment repayment plans, which base your monthly payment amount on your total loan balance.

Want to know if an IDR plan is right for you? Try Loan Simulator to compare different plans, check your eligibility, and get an estimate of your monthly payment amount and repayment period:
https://www.StudentAid.gov/loan-simulator

Apply for an IDR plan today at:
https://www.StudentAid.gov/idr

To find contact information for your loan servicer, log in and view your Dashboard at:
https://www.StudentAid.gov

Watch the full playlist: https://www.youtube.com/playlist?list=PL5C43A3FD801FDF45

00:00 – Intro
00:39 – IDR Plan Benefits
00:58 – List of IDR Plans
01:26 – IDR Repayment Periods
01:53 – IDR Plan Recertification Requirement
02:36 – Adjustable Payments
03:10 – Fixed Payment Repayment Plans
03:23 – Interest and IDR Plans
03:48 – IDR Loan Forgiveness
04:07 – Use Loan Simulator
04:51 – Consider Financial Goals & Outro