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Income-Contingent Repayment

Repayment Plan Eligibility and Application Information:

About the Plan

The Income-Contingent Repayment (ICR) Plan is only available to borrowers with Department of Education-owned loans (if your account number starts with an E) disbursed under the Federal Direct Loan Program (FDLP). All FDLP loan types, with the exception of Federal Parent PLUS Loans and Federal Consolidation Loans containing prior Federal Parent PLUS Loans that first entered repayment prior to July 1, 2006, are eligible for this repayment plan. You may be eligible for forgiveness of any remaining balance on your loans after you have made the equivalent of 25 years of qualifying payments (please note that your term may be longer than 25 years if you defer payments at any time).

Payments under this plan are calculated annually based on the following criteria:

  • Your annual Adjusted Gross Income (AGI). If married filing a joint return, your spouse's AGI will also be included in the calculation.
  • Your family size. Please note: Family size includes you, your spouse, your children and/or other people in your household who receive more than half of their financial support from you (including children who will be born during the period covered by ICR).
  • The current interest rate on your FDLP loan(s)
  • The total outstanding balance on your FDLP loan(s)

To estimate your monthly payment amount under ICR, click here.

If your calculated payment amount is not sufficient to satisfy the interest that accrues (adds up) during your repayment period, the outstanding interest will be capitalized (added to your loan balance) annually. The capitalized interest cannot exceed 10% of your total original loan balance. Once this maximum amount is reached, interest will continue to accrue but will no longer be capitalized.

How to Apply Online

To expedite the application process, apply online by logging in to and clicking Complete Income-Driven Repayment Plan Request.

You can securely transfer your federal tax return information to us at Sending your tax information online may expedite our review of your income-driven repayment plan request.

Apply by Email, Fax, or Mail

If you would rather not apply online, review this document (Imprimir la versión en Español). Then download the application via the link in the document, and select this reason in Section 2, Question 1: I am not in an income-driven repayment plan, but want to enter one.

Be sure to sign and date your paper application (pages 1-4 are required), then return it with your income documentation to Nelnet. Email to, fax to 866.545.9196, or mail to:

Attn: Enrollment Processing
P.O. Box 82565
Lincoln, NE 68501-2565

How to Submit Your Annual Recertification

If your loans are already on the ICR Plan and you are submitting income documentation for your annual recertification, in Section 2, Question 1, choose the option: I am already in an income-driven repayment plan and am submitting documentation for the annual recalculation of my payment.

How to Request Recalculation of Your Payment Amount

If you wish to have your regular monthly payment amount on ICR recalculated because your income or family size recently changed, in Section 2, Question 1, select the option: I am already in an income-driven repayment plan and am submitting documentation early because I want my loan holder to recalculate my payment immediately.

Processing Your Request

Once we’ve received your complete application and income documentation, we will review your request. If you do not qualify for the income-driven repayment plan you selected, we will apply the plan that best fits your financial needs based upon lowest payment and qualifying forgiveness term. We will send you a letter within 15 business days with the outcome of our review.

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