Right Repay

Closing: ends by July 1, 2028

Income-Contingent Repayment (ICR)

The only income-driven plan for consolidated Parent PLUS loans; 20% of discretionary income or a 12-year fixed amount, whichever is less.

See where it ranks for you, free Two minutes, your own numbers, every plan side by side.

How the ICR payment is set, as a diagram
How the ICR payment is set. The exact rule is in the table below.
Payment
The lesser of 20% of discretionary income (AGI minus 100% of the poverty guideline) and what a 12-year fixed plan would charge, adjusted by an income factor.
Who qualifies
Direct Loans. The only income-driven option for Parent PLUS loans, and only after consolidation into a Direct Consolidation Loan. Otherwise a path for borrowers already on it.
Forgiveness
After 25 years of qualifying payments.
Interest
Unpaid interest accrues; no subsidy.
PSLF
Qualifies.
Taxes
Forgiveness is taxable federal income from 2026, except under PSLF.
How to apply
Online at studentaid.gov/idr, after consolidating Parent PLUS loans.
Leaving it
Everyone on ICR moves to IBR or RAP by July 1, 2028; consolidated Parent PLUS borrowers should confirm their path with the servicer before then.
Dates
Closes no later than July 1, 2028.

Good for

  • Consolidated Parent PLUS loans with no other income-driven option

Watch out

  • The highest payment share of any income-driven plan
  • Ends in 2028
A woman at her kitchen table with her loan statement and a laptop, at ease

Where ICR lands for you depends on your numbers.

Right Repay runs every plan on your income, household, balance and loan dates, ranks them on all-in cost, and shows the math. Every position is free, with the math; the kit to switch is $29.

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Sources

Which plan is right for you depends on your income, your balance and your loans' dates.

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