Income-Based Repayment

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf Student Loan
gptkbp:abbreviation gptkb:IBR
gptkbp:administeredBy gptkb:U.S._Department_of_Education
gptkbp:appliesTo federal student loans
gptkbp:eligibility partial financial hardship
https://www.w3.org/2000/01/rdf-schema#label Income-Based Repayment
gptkbp:interestSubsidyAvailable true
gptkbp:interestSubsidyDuration up to 3 years
gptkbp:introducedIn 2009
gptkbp:loanForgivenessAfter 20 years
25 years (for older loans)
gptkbp:monthlyPaymentBasedOn state of residence
family size
discretionary income
gptkbp:monthlyPaymentCap 10% of discretionary income
15% of discretionary income (for older loans)
gptkbp:relatedTo Income-Contingent Repayment
Pay As You Earn
Revised Pay As You Earn
gptkbp:requiresAnnualRecertification true
gptkbp:taxImplications forgiven amount may be taxable
gptkbp:website https://studentaid.gov/manage-loans/repayment/plans/income-driven
gptkbp:bfsParent gptkb:Student_Loan
gptkbp:bfsLayer 6