Plans›ICR

20% of discretionary income · 25 yr forgiveness · phases out 2028-07-01

Income-Contingent Repayment

34 CFR §685.208·2026-04-22Phases out 2028-07-01
Formula

Lesser of 20% of (AGI − 1.0 × FPL) or 12-yr fixed payment adjusted for income.

Forgiveness term
25 years
PSLF-compatible

Best for

  • Parent PLUS borrowers — ICR is the only IDR plan available after Direct Consolidation.

Not for

  • Almost anyone else — IBR or PAYE will be cheaper.

Run your numbers through the comparator to see ICR next to all alternatives.

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