4d3edb90_n_Repayment_Options___Edvisors__Considerations
[Repayment Plan] Income-Contingent Repayment (ICR) [Key Features] 25-year term or less Payments capped at 20% of discretionary income (not total income) Discretionary income is adjusted gross income minus 150% of the poverty line Available only to Direct Loan borrowers [Considerations] 
Accrues more interest than standard 10-year repayment plan Remaining loan balance is forgiven after 25 years (but taxable under current law) Lower monthly payment than standard repayment plan
Federal Student Loan Repayment Options | Edvisors
Considerations