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Income-Driven Repayment Renewal

How to Renew Your Income-Driven Repayment Plan

Each year your student loans are on an income-driven repayment plan, you’ll need to send us your income documentation to re-evaluate your repayment plan and qualify for a reduced monthly payment amount. Additionally, you may ask us to recalculate your monthly payment amount at any point during the year if your financial circumstances have changed such as income decreasing or family size increasing.

Follow the instructions below to recalculate your monthly payment amount on your Income-Based (IBR), Income-Contingent (ICR), or Pay As You Earn Repayment Plan.

Re-evaluate online

If you wish to use your previous year’s tax return for your annual income documentation, please visit After you enter your PIN, verify that your personal information is up to date and follow the steps to complete your application and have it sent to Nelnet. You can expect a response in seven business days.

Re-evaluate by mail

If your prior year tax return does not accurately reflect your current income, download and complete the income-driven repayment plan form below. Return the signed form with one piece of supporting documentation (detailed in Section 5 of the form) for all sources of taxable income, including pay frequency, to the address below. Expect a response in seven to 10 business days.

  1. Download and complete this form (Imprimir la versión en Español).
  2. Sign your form and return it with your income documentation to:
    P.O. Box 82565
    Lincoln, NE 68501-2565
    Fax: 866.545.9196

Please note, if your federal student loans are already in an income-driven repayment plan and you wish to submit your documentation for annual renewal, no plan selection should be made. Instead, mark the proper box in question 2b.

If it is not yet time to renew your income driven repayment plan but your income has decreased or your family size has increased, do not select a payment plan. Instead check the appropriate box in question 2c to request a recalculation.

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