Income-Contingent Repayment (ICR) after consolidation

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Student Loan
gptkbp:administeredBy	gptkb:U.S._Department_of_Education
gptkbp:appliesTo	gptkb:Direct_Consolidation_Loans
gptkbp:availableOn	borrowers with eligible federal student loans
gptkbp:canBe	Parent PLUS Loans after consolidation
gptkbp:canLeadToForgivenessTaxable	true
gptkbp:compatibleWith	gptkb:Parent_PLUS_Loans_(unless_consolidated)
gptkbp:forgivenessAfter	25 years
https://www.w3.org/2000/01/rdf-schema#label	Income-Contingent Repayment (ICR) after consolidation
gptkbp:interestCapitalization	yes
gptkbp:maximumLoanAmount	gptkb:Direct_Loans 25 years FFEL Loans (after consolidation)
gptkbp:monthlyPayment	lesser of 20% of discretionary income or fixed payment over 12 years adjusted for income
gptkbp:monthlyPaymentBasedOn	income interest rate family size loan balance
gptkbp:requiresAnnualRecertification	true
gptkbp:website	https://studentaid.gov/manage-loans/repayment/plans/income-driven/icr
gptkbp:bfsParent	gptkb:Parent_PLUS_loans_(unless_consolidated)
gptkbp:bfsLayer	7