The Income-Contingent Repayment plan is an income-driven repayment option for federal student loans. ICR generally limits payments to 20% of your discretionary income. However, your payments may instead be capped by the amount of a fixed payment on your loans over a 12-year term if this monthly payment amount is less than 20% of discretionary income.
This plan offers forgiveness on your remaining federal student loan balance after 25 years.
Use the Income-Contingent Repayment Calculator below to estimate your payments on this repayment plan.