Income-Driven Repayment Plans

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Student Loan
gptkbp:administeredBy	gptkb:U.S._Department_of_Education
gptkbp:alternativeTo	gptkb:Graduated_Repayment_Plan gptkb:Standard_Repayment_Plan gptkb:Extended_Repayment_Plan
gptkbp:appliesTo	federal student loans
gptkbp:cause	loan forgiveness taxable loan forgiveness
gptkbp:eligibility	gptkb:Direct_Loans gptkb:FFEL_Loans_(with_consolidation) gptkb:Parent_PLUS_Loans_(except_via_consolidation)
gptkbp:forgivenessPeriod	20 years 25 years
https://www.w3.org/2000/01/rdf-schema#label	Income-Driven Repayment Plans
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:introducedIn	1994
gptkbp:mayIncrease	total interest paid
gptkbp:monthlyPayment	typically 10-20% of discretionary income
gptkbp:paymentBasedOn	borrower's income family size
gptkbp:purpose	make student loan payments more affordable
gptkbp:relatedTo	gptkb:Public_Service_Loan_Forgiveness
gptkbp:requires	annual income recertification
gptkbp:website	https://studentaid.gov/manage-loans/repayment/plans/income-driven
gptkbp:bfsParent	gptkb:Office_of_Federal_Student_Aid
gptkbp:bfsLayer	5