Income-driven repayment (IDR) plans are designed to make your student loan debt more manageable by reducing your monthly payment amount. If you need to make lower monthly payments or if your outstanding federal student loan debt represents a significant portion of your annual income, one of the following income-driven plans may be right for you:n Income-Based Repayment (IBR) is a repayment plan with monthly payments based on your eligible federal student loan debt, income, family size, and state of residence. n Partial financial hardship is when the annual amount due on all of your eligible loans or, if you are married and file a joint federal income tax return, the annual amount due You may have to pay income tax on any loan amount forgiven under an income-driven plan. 1. Select the reason you are submitting this form (Check only one): I want to enter an income-driven plan - Continue to Item 2. I am submitting documentation for the annual recertification of my income-driven payment - Skip to Item ;· How to Apply for the Income-Based Student Loan Repayment Plan To apply for IBR, you can submit the income-driven repayment plan request online, or you can fill it out and mail Repayment: What It Is, How To Apply - ForbesIncome-Based Repayment: What It Is, How To Apply - ForbesUnder RISLA’s Income-Based Repayment Plan (IBR), the amount required to be repaid each month is based on the Adjusted Gross Income (AGI) and family size of both the primary borrower and cosigner. If either borrower is married and files a joint federal tax return with their spouse, the AGI includes both the borrower’s income and their spouse’s income.

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