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What is the Income-Contingent Repayment (ICR) plan?

April 26, 2017ICR income-contingent Plan repayment

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What is the Income-Contingent Repayment (ICR) plan?

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The Income-Contingent Repayment plan is available to people who don’t qualify for the IBR, but who have Federal Direct Loans and Grad PLUS loans. The government may forgive outstanding balances after 25 years. The public service loan forgiveness program may forgive remaining debt after 10 years of eligible employment and qualifying ICR payments.