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How does the Income-Sensitive Repayment (ISR) Plan work?

April 26, 2017income-sensitive isr Plan repayment

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How does the Income-Sensitive Repayment (ISR) Plan work?

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Monthly payments using the Income-Sensitive Repayment Plan (ISR) are based on your anticipated total gross income. Your monthly payment can be no less than the amount of monthly accrued interest and no more than three times greater than any other payment. In order to qualify for this repayment plan, you must provide requested income documentation annually so that the monthly payment can be adjusted as needed. For more information, visit our Income-Sensitive page.