Income-Driven Repayment Plan

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Student Loan Repayment Plan
gptkbp:appliesTo	gptkb:Federal_Student_Loans
gptkbp:availableOn	Direct Loan borrowers FFEL Loan borrowers (some plans)
gptkbp:cause	gptkb:Loan_Forgiveness
gptkbp:compatibleWith	Parent PLUS Loan borrowers (except via consolidation)
gptkbp:forgivenessPeriod	20 years 25 years
https://www.w3.org/2000/01/rdf-schema#label	Income-Driven Repayment Plan
gptkbp:includes	gptkb:Income-Based_Repayment_(IBR) gptkb:Income-Contingent_Repayment_(ICR) gptkb:Pay_As_You_Earn_(PAYE) gptkb:Revised_Pay_As_You_Earn_(REPAYE)
gptkbp:monthlyPayment	Typically 10-20% of discretionary income
gptkbp:offeredBy	gptkb:U.S._Department_of_Education
gptkbp:paymentBasedOn	Borrower's income Family size
gptkbp:purpose	Make student loan payments more affordable
gptkbp:requiresAnnualRecertification	Yes
gptkbp:website	https://studentaid.gov/manage-loans/repayment/plans/income-driven
gptkbp:bfsParent	gptkb:Direct_Loan_Program gptkb:Federal_Direct_Student_Loan_Program gptkb:Federal_Direct_Loan_Program
gptkbp:bfsLayer	5