Income-Sensitive or Income-Contingent Repayment

Monthly payments are based on a percentage of the borrower's monthly income for Stafford and PLUS.

  1. Payment
    1. Based on borrower’s monthly gross income
    2. Must cover interest due
    3. Term varies
Income-Sensitive or Income-Contingent Repayment Table
Loan
Amount
Gross Monthly
Income
First 5 Years
Interest Only
Remaining
10 Years
Total Paid*
(Loan + Interest)
$10,000 $1,500 $56 $115 $17,178
$50,000 $4,000 $281 $576 $85,890

*A subsidized Stafford loan repaid at 6.80% interest with minimum possible payment of interest only.