

Intro to IDR: What To Know About Income-Driven Repayment (IDR) Plans for Student Loans
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About Intro to IDR: What To Know About Income-Driven Repayment (IDR) Plans for Student Loans
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On March 10, 2026, a court order ended the Saving on a Valuable Education (SAVE) Plan. The U.S. Department of Education will contact affected borrowers, who can explore and apply for other repayment plans. For more information, visit https://StudentAid.gov/courtactions ------------------------------ Income-driven repayment (IDR) plans are intended to be the most affordable repayment plans. This video explains what IDR plans are and how they adjust based on your income and family size. IDR plans change with you as life changes, unlike fixed payment repayment plans, which base your monthly payment amount on your total loan balance. Want to know if an IDR plan is right for you? Try Loan Simulator to compare different plans, check your eligibility, and get an estimate of your monthly payment amount and repayment period: https://www.StudentAid.gov/loan-simulator Apply for an IDR plan today at: https://www.StudentAid.gov/idr To find contact information for your loan servicer, log in and view your Dashboard at: https://www.StudentAid.gov Watch the full playlist: https://www.youtube.com/playlist?list=PL5C43A3FD801FDF45 00:00 – Intro 00:39 – IDR Plan Benefits 00:58 – List of IDR Plans 01:26 – IDR Repayment Periods 01:53 – IDR Plan Recertification Requirement 02:36 – Adjustable Payments 03:10 – Fixed Payment Repayment Plans 03:23 – Interest and IDR Plans 03:48 – IDR Loan Forgiveness 04:07 – Use Loan Simulator 04:51 – Consider Financial Goals & Outro
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