Loan Consolidation Form

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REPAYMENT PLAN SELECTION	 	
William D. Ford Federal Direct Loan Program 
WARNING: Any person who knowingly makes a false statement or misrepresentation on this form or on any accompanying documents is 
subject to penalties that may include fines, imprisonment, or both, under the U.S. Criminal Code and 20 U.S.C. 1097.	  	Instruction	s 
To understand your repayment options, carefully read this entire form, including the important notices in Section 7, and the enclosed information that describes the available repayment plans.  After 
reviewing this information, complete the applicable sections below to select a repayment plan or to change your current repayment plan.  Please print clearly using blue or black ink.  If you need 
help completing this form, contact your servicer through one of the methods provided in Section 6 of this form.  Return the completed form to the address shown in Section 6.   	
Section 1: Borrower Information	 – to be completed by ALL BORROWER	S 	Borrower’s Last Name  First Name	 	Middle Initial	 	Borrower’s Social Security Number: 
 
____________________________________________   _________________________   _________ |____|____|____|-|____|____|-|____|____|____|____| 
 	
Section 2: Repayment Plan Selection	 – to be completed by ALL BORROWER	S 	 Place an “X” in the box in the chart below under the repayment plan that you wish to select for the types of loans that you owe.  The enclosed information describes each of the repayment plans.   
 You must choose the same repayment plan for all of your Direct Loans, unless you want to repay under the Income Contingent Repayment (ICR) Plan or Income-Based Repayment (IBR) Plan 
and you have some loans that may not be repaid under those plans as indicated in the chart below.  In this case, you may select the ICR Plan or IBR Plan for the loans that are eligible for 
repayment under those plans, and may select a different repayment plan for the loans that may not be repaid under ICR or IBR.   
 In the chart below, the term “parent PLUS Loan” refers to a Direct PLUS Loan made under the William D. Ford Federal Direct Loan (Direct Loan) Program or a Federal PLUS Loan made under the 
Federal Family Education Loan (FFEL) Program that you borrowed to help pay for your dependent child’s undergraduate education.  A “student PLUS Loan” is a Direct PLUS Loan or Federal 
PLUS Loan that you received to pay for your own graduate or professional education.  A Direct PLUS Consolidation Loan is a Direct Consolidation Loan made before July 1, 2006 that repaid 
parent PLUS loans.  No Direct PLUS Consolidation Loans have been made since July 1, 2006. 
 To repay your loans under the IBR Plan, you must have a partial financial hardship (see Section 5). 
 If you are beginning repayment of your loans for the first time and you do not select a repayment plan, or if you select the ICR Plan or IBR Plan but do not submit required additional forms and 
documentation, you will be placed on the Standard Repayment Plan. 
 If you are requesting a change from another repayment plan to the ICR Plan or the IBR Plan and you do not submit required additional forms and documentation, you will remain on your current 
repayment plan.	 	 If you are requesting a change from your current repayment plan to a different plan, your servicer may grant you a forbearance for up to 60 days, if necessary, in order to collect and process 
documentation supporting your request (such as documentation required to process a request to repay under the ICR Plan or the IBR Plan). Unpaid interest that accrues during this maximum 60-
day forbearance period will not be capitalized. (Capitalization is the addition of unpaid interest to the principal balance of your loan. This increases the principal balance and the total cost of your 
loan.) 
 If you are delinquent in making payments under your current repayment plan at the time you request a change to a different plan, your servicer may grant you a forbearance to cover (1) any 
payments that are overdue at the time of your request, or (2) if you are requesting a change to the IBR Plan, any payments that would be overdue by the time your servicer determines whether 
you have a partial financial hardship (see Section 5), if it takes your servicer more than 60 days to make that determination. Unpaid interest that accrues during this forbearance period may be 
capitalized at the end of the forbearance period. 	
 	Loan Types  Standard  Graduated	 	Extended	 	Income Contingent	 	Income-Based	 	 Direct Subsidized Loans 
 Direct Unsubsidized Loans 
 Student Direct PLUS Loans 
 Direct Consolidation Loans that did not repay any 
parent PLUS loans	 	
 
 	
 	
 
 	
 	
  
Fixed Payments	     	Graduated Payments	   
 	  
 	 	 	
 Direct Consolidation Loans made on or after July 
1, 2006 that repaid one or more parent PLUS loans 	 	
  	  	Fixed Payments	     	Graduated Payments	   	 	
 Not Available 	
 Parent Direct PLUS Loans  Direct PLUS Consolidation Loans	 	 	
  	  	Fixed Payments	     	Graduated Payments	  	
 
Not Available  
Not Available 	
 Section 3: Spouse Information	 – to be completed by SOME MARRIED BORROWER	S 	
Complete this section only if you are married and are (1) selecting the ICR Plan (unless you are separated from your spouse), (2) selecting the IBR Plan and you and your spouse file a joint federal 
income tax return, and your spouse has loans that are eligible for repayment under the IBR Plan (see Section 5), or (3) selecting any repayment plan for a Direct Consolidation Loan held jointly by 
you and your spouse.  If you are required to complete this section, your spouse must also sign this form. 
Spouse’s Last Name   First Name  Middle Initial  Spouse’s Social Security Number:  Spouse’s Date of Birth (mm-dd-yyyy)  
______________________________   ________________________     _______ 	|____|____|____|-|____|____|-|____|____|____|____| |____|____|-|____|____|-|____|____|____|____| 	
Section 4: Additional ICR Information	 – to be completed by BORROWERS WHO SELECT THE INCOME CONTINGENT REPAYMENT PLA	N 	
Complete this section only if you are selecting the ICR Plan. 
Note: To repay under the ICR Plan, you must complete a consent form authorizing the Internal Revenue Service to disclose your adjusted gross income (AGI) and other tax return information, or you 
must provide other documentation of your AGI, such as a copy of your most recently filed federal income tax return, as specified by your servicer in documentation accompanying this form.  In some 
cases, you may also be required to complete an ICR & IBR Plan Alternative Documentation of Income form.  Your servicer will include the required additional forms with this Repayment Plan 
Selection form or will provide instructions for obtaining the forms.  Complete and return the required form(s) or other required documentation along with this Repayment Plan Selection form.   
Until your servicer receives the information needed to calculate your ICR Plan payment amount, your initial payment amount will be the full amount of interest that accumulates on your loan each 
month.  If you are beginning repayment of your Direct Loan for the first time and you cannot afford the initial interest payment, you may request a forbearance until you are notified of your actual ICR 
payment.  During a forbearance you are not required to make any payments of principal or interest, but interest continues to accumulate on your loan.  Interest that you do not pay during this 
forbearance period will be capitalized at the end of the forbearance.  To request a forbearance, contact your servicer. 
A. Family Size.  Enter your family size on the line below.  Your family size includes you and your spouse.  It includes your children if they get more than half their support from you.  It includes other 
people only if (1) they now live with you, and (2) they now get more than half their support from you and they will continue to get this support from you.  Support includes money, gifts, loans, 
housing, food, clothes, car, medical and dental care, payment of college costs, etc.  If your family size changes, notify your servicer in writing at the mailing address or the Web site 
address shown in Section 6.   
Family Size: ________________ 
B. ICR Joint Repayment Option.  If you and your spouse each have Direct Loans and both of you want to repay the loans under the ICR Plan, you may choose to repay your loans jointly (see ICR 
Plan description in the enclosed Repayment Plan Choices sheet).  If you choose to repay jointly, place an “X” in the box below and have your spouse sign and date this form.  
 I wish to repay my loan(s) jointly with my spouse under the ICR Plan. 
C. Certification.  Read the certification statement below, then sign and date this form.   
All of the information I provided on this form is true and complete to the best of my knowledge.  If asked by an authorized official, I agree to provide proof of the information that I have provided on 
this form.	
 	
Borrower’s Signature   Date  
Spouse’s Signature (if required; see Section 3)   Date  
 
 
 
   	REVISED 04/2011 	 	
OMB No. 1845-0014 
Form Approved 
Ex
p. Date 11/30/2013

Section 5: Additional IBR Information	 – to be completed by BORROWERS WHO SELECT THE INCOME-BASED REPAYMENT PLA	N 	
Complete this section only if you are selecting the IBR Plan. 
To initially qualify to repay your loans under the IBR Plan and to continue to make income-based payments, you must have a partial financial hardship.  You are considered to have a partial 
financial hardship if 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 on all of your eligible loans and your 
spouse’s eligible loans, is more than 15% of the difference between your adjusted gross income (AGI), as shown on your most recently filed federal income tax return, and 150% of the poverty 
guideline amount for your family size and state of residence: 
Annual amount of payments due > 15% [AGI – (150% x applicable poverty guideline amount)] 
The annual amount of payments due is calculated based on the greater of (1) the total amount owed on eligible loans at the time those loans initially entered repayment or (2) the total amount owed 
on eligible loans at the time you or, if applicable, your spouse requested the IBR Plan.  The annual amount of payments due is calculated using a Standard Repayment Plan with a10-year repayment 
period.  The amount owed on eligible loans includes the amount owed on your eligible loans and, if you are married and file a joint federal income tax return, the amount owed on your spouse’s 
eligible loans.  Eligible loans for the IBR Plan are listed in “B”, below.  If you are married and file a joint federal income tax return, your AGI includes both your income and your spouse’s income.  Your 
spouse must sign below if you file a joint federal income tax return and if your spouse also has loans that are eligible for repayment under the IBR Plan; by signing this form, your spouse is 
authorizing your servicer to access information about his or her federal student loans in the National Student Loan Data System (NSLDS). 
An IBR Plan calculator is available at studentaid.ed.gov.  The calculator evaluates your eligibility for the IBR Plan and estimates your initial IBR Plan payment amount.  To use the calculator, you will 
need to enter your eligible loan debt, income, family size, and state of residence.  The calculator is for informational purposes only; your servicer will make the official determination of your eligibility 
and payment amount based on the information you provide on this form and other required documentation. 
To enroll in the IBR Plan, you must complete a consent form authorizing the Internal Revenue Service to disclose your AGI and other tax return information, or you must provide other documentation 
of your AGI, such as a copy of your most recently filed federal income tax return, as specified by your servicer in documentation accompanying this form.   In some cases, you may also be required to 
complete an ICR & IBR Plan Alternative Documentation of Income form. Your servicer will include the required additional forms with this Repayment Plan Selection form or will provide instructions for 
obtaining the forms.   Complete and return the required form(s) and/or other required documentation along with this Repayment Plan Selection form.    
A. Family Size.  Enter your family size on the line below.  Your family size includes you, your spouse, and your children, including children who will be born during the year you certify your family 
size, if your children receive more than half their support from you.  Your family size also includes other individuals if, at the time you certify your family size, these other individuals (1) live with you 
and (2) receive more than half of their support from you and will continue to receive this support for the year you certify your family size.  Support includes money, gifts, loans, housing, food, 
clothes, car, medical and dental care, and payment of college costs.  If you select IBR, you must notify us of your family size every year.  Your servicer will contact you annually to 
confirm and update family size information.   
Family Size: ________________  NOTE:  If you do not provide your family size, your servicer will assume a family size of one. 
If you have any questions regarding the IBR Plan, partial financial hardship, or your family size determination, please contact your servicer.   
B. Eligible Loans for the IBR Plan.   
 All Direct Loan Program loans are eligible except (1) a loan that is in default, (2) a Direct PLUS Loan made to a parent borrower, (3) a Direct Consolidation Loan that repaid a Federal 
PLUS Loan or Direct PLUS Loan made to a parent borrower, or (4) a Direct PLUS Consolidation Loan.   
Loans made under the Direct Loan Program are Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidation Loans 
 All FFEL Program loans are eligible except (1) a loan that is in default, (2) a Federal PLUS Loan made to a parent borrower, or (3) a Federal Consolidation Loan that repaid a Direct 
PLUS Loan or Federal PLUS Loan made to a parent borrower.   
Loans made under the FFEL Program are Federal Stafford Loans (subsidized and unsubsidized), Federal PLUS Loans, and Federal Consolidation Loans.   
Federal Perkins Loans, HEAL loans or other health education loans, and private education loans are not eligible for the IBR plan. Your eligibility for the IBR Plan will be determined based on your 
total eligible loan debt and, if you are married and file a joint federal income tax return, your spouse’s total eligible loan debt.  To access information on your eligible loans, check NSLDS at 
www.nslds.ed.gov.  
 Check this box if (1) you have eligible FFEL Program loans in addition to your eligible Direct Loan Program loans, or (2) you are married and file a joint federal income tax return, and your 
spouse has eligible Direct Loan or FFEL Program loans.  NOTE:  Including your spouse’s eligible loans will result in a lower monthly IBR Plan payment amount. 
C. IBR Joint Consolidation Loan Repayment.  If you and your spouse have an eligible joint consolidation loan that you and your spouse want to repay under the IBR Plan, place an “X” in the box 
below and have your spouse sign and date below in “D”. Both you and your spouse must have a partial financial hardship (see description above) to repay an eligible joint consolidation loan under 
IBR. 
  I wish to repay my joint consolidation loan(s) with my spouse under the IBR Plan. 
D. Certification.  Read the certification statement below, then sign and date this form.  Your spouse must also sign and date this form if (1) you and your spouse file a joint federal income tax return 
and your spouse has loans that are eligible for IBR, or (2) you and your spouse want to repay a joint consolidation loan under the IBR Plan. 
All of the information I provided on this form is true and complete to the best of my knowledge.  If asked by an authorized official, I agree to provide proof of the information that I have provided on 
this form. 
 
Borrower’s Signature   
Date  
Spouse’s Signature   Date  
(Spouse’s signature is required if (1) you file a joint federal income tax return and your spouse also has loans that are eligible for the IBR Plan, or (2) you and your spouse want to repay a joint 
consolidation loan under the IBR Plan.) 
Section 6: Where to Send the Completed Form 
Return this form to: 
 
 
U.S. Department of Education 
Loan Consolidation Department 
P.O. Box 242800 
Louisville, KY 40224-2800 
 
 
If you need help completing this form, or if you need to report a change in your address, contact: 
 	
 Call us at 1-800-557-7392 or, if you use a telecommunications device for the deaf (TDD), at 1-800-557-7395. 
  E-mail us by going to www.loanconsolidation.ed.gov and clicking on Contact Us. 
  Write to us at the mailing address provided above.

Section 7: Important Notice	s 
PRIVACY ACT NOTICE 
The Privacy Act of 1974 (5 U.S.C. 552a) requires that the following notice be provided to you: 
The authority for collecting the requested information from and about you is §451 et seq. of the Higher Education Act (HEA) of 1965, as amended (20 U.S.C. 1087a et seq.) and the authorities for 
collecting and using your Social Security Number (SSN) are §484(a)(4) of the HEA (20 U.S.C. 1091(a)(4)) and 31 U.S.C. 7701(b).  Participating in the William D. Ford Federal Direct Loan (Direct 
Loan) Program and giving us your SSN are voluntary, but you must provide the requested information, including your SSN, to participate. 
The principal purposes for collecting the information on this form, including your SSN, are to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan (such as a 
deferment, forbearance, discharge, or forgiveness) under the Direct Loan Program, to permit the servicing of your loan(s), and, if it becomes necessary, to locate you and to collect and report on your 
loan(s) if your loan(s) become delinquent or in default.  We also use your SSN as an account identifier and to permit you to access your account information electronically. 
The information in your file may be disclosed, on a case-by-case basis or under a computer-matching program, to third parties as authorized under routine uses in the appropriate systems of records 
notices.  The routine uses of this information include, but are not limited to, its disclosure to federal, state, or local agencies, to private parties such as relatives, present and former employers, 
business and personal associates, to consumer reporting agencies, to financial and educational institutions, and to guaranty agencies in order to verify your identity, to determine your eligibility to 
receive a loan or a benefit on a loan, to permit the servicing or collection of your loan(s), to enforce the terms of the loan(s), to investigate possible fraud and to verify compliance with federal student 
financial aid program regulations, or to locate you if you become delinquent in your loan payments or if you default.  To provide default rate calculations, disclosures may be made to guaranty 
agencies, to financial and educational institutions, or to state agencies.  To provide financial aid history information, disclosures may be made to educational institutions.  To assist program 
administrators with tracking refunds and cancellations, disclosures may be made to guaranty agencies, to financial and educational institutions, or to federal or state agencies.  To provide a 
standardized method for educational institutions to efficiently submit student enrollment status, disclosures may be made to guaranty agencies or to financial and educational institutions.  To counsel 
you in repayment efforts, disclosures may be made to guaranty agencies, to financial and educational institutions, or to federal, state, or local agencies.   
In the event of litigation, we may send records to the Department of Justice, a court, adjudicative body, counsel, party, or witness if the disclosure is relevant and necessary to the litigation.  If this 
information, either alone or with other information, indicates a potential violation of law, we may send it to the appropriate authority for action.  We may send information to members of Congress if 
you ask them to help you with federal student aid questions.  In circumstances involving employment complaints, grievances, or disciplinary actions, we may disclose relevant records to adjudicate or 
investigate the issues.  If provided for by a collective bargaining agreement, we may disclose records to a labor organization recognized under 5 U.S.C. Chapter 71.  Disclosures may be made to our 
contractors for the purpose of performing any programmatic function that requires disclosure of records.  Before making any such disclosure, we will require the contractor to maintain Privacy Act 
safeguards.  Disclosures may also be made to qualified researchers under Privacy Act safeguards. 
 
PAPERWORK REDUCTION NOTICE 
According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a currently valid OMB control number.  The valid OMB control 
number for this information collection is 1845-0014.  The time required to complete this information collection is estimated to	
 average .33 hours (20 minutes) per response, including the time to review 
instructions, search existing data resources, gather and maintain the data needed, and complete and review the information collection.  If you have comments concerning the accuracy of the 
time estimate(s) or suggestions for improving this form, please write to:  U.S. Department of Education, Washington, DC  20210-4537.  Do not send the completed form to this address. 
If you have questions about the status of your individual submission of this form, contact your servicer (see Section 6).

RPC 2009 
 	
 
 	
      
 	 
DECIDE ON A REPAYMENT PLAN 
The William D. Ford Federal Direct Loan (Direct Loan) Program offers assorted repayment plans so you can choose the one that is right for you: Standard Repayment Plan, Graduated 
Repayment Plan, Extended Repayment Plan, Income Contingent Repayment (ICR) Plan, and Income-Based Repayment (IBR) Plan. For each plan: (1) You can prepay your loan at any 
time without penalty; (2) If your loan has a variable interest rate, your monthly payment amount may be adjusted annually; and (3) The “Repayment Period” excludes periods of deferment 
and forbearance, except periods of economic hardship deferment after October 1, 2007, for the ICR and IBR Plans.  You can select the plan you want at http://www.dl.ed.gov	
 or by 
completing and submitting a Repayment Plan Selection form.  
 
You must choose the same repayment plan for all of your Direct Loans, unless you want to repay under the ICR Plan or the IBR Plan and you have loans that may be repaid under ICR or 
IBR and other loans that may not be repaid under ICR or IBR.  (See the descriptions of the ICR and IBR plans below for the types of Direct Loans that may not be repaid under these 
repayment plans.)  In that case, you may choose a different repayment plan for the loans that are not eligible for ICR or IBR.   
 
If you do not select a repayment plan, you will be assigned the Standard Repayment Plan. If you have questions about your choices, please call the Consolidation Department 
at 1-800-557-7392 for assistance. 	
CHANGING REPAYMENT PLANS There is no limit to when or how often you may change plans. You may change to another plan as long as the new plan has a repayment term longer than the amount of time you have 
already spent in repayment. The new repayment term is determined by subtracting the amount of time you have spent in repayment from the term allowed under the new plan. Exceptions 
are: (1) If you are required to repay under the ICR plan, you must make three consecutive on-time monthly payments of a payment amount based on your income before changing to 
another plan; and (2) If you choose to leave the IBR Plan, your account will be placed on the Standard Repayment Plan; and (3) You may change to the ICR Plan or the IBR Plan at any 
time.    
 
STANDARD REPAYMENT PLAN 
Non-Consolidation Loans 
(Direct Subsidized Loans, Direct Unsubsidized Loans, & Direct PLUS Loans) 
Minimum Monthly Payment         $50 
Maximum Repayment Period      10 years 
Under this plan, you will pay a fixed amount of at least $50 each month for up to 10 years. 
Due to its short repayment period, this plan results in the lowest total interest paid under 
any of the repayment plans. 
Consolidation Loans 
Minimum Monthly Payment         $50 
Maximum Repayment Period      10 - 30 years 
Under this plan, you will pay a fixed amount of at least $50 each month over a repayment 
period of 10 to 30 years, depending on total education indebtedness. This plan may result 
in lower total interest paid when compared to other plans.  Total Education Indebtedness Amounts / Number of Monthly Payments under 
Standard and Graduated Repayment Plans for Consolidation Loans 	
 	If your Total Education 
Indebtedness isMaximum Number of 
Monthly Payments 
At Least  Less Than 	
                  
$ 7,500 
$10,000 
$20,000 
$40,000 
$60,000	
 	
$7,500 
$10,000 
$20,000 
$40,000 
$60,000	
 	
120 (10 years) 
144 (12 years) 
180 (15 years) 
240 (20 years) 
300 (25 years) 
360 (30 years) 	
EXTENDED REPAYMENT PLAN 
You may choose this plan only if (1) you had no outstanding balance on a Direct Loan on 
October 7, 1998 or on the date you obtained a Direct Loan after that date, and (2) you owe 
more than $30,000 in outstanding Direct Loans. 
Fixed Monthly Payment Option	 (All loan types) 	
Minimum Monthly Payment         $50 
Maximum Repayment Period      25 years 
Under this plan, you will pay a fixed amount of at least $50 each month over a repayment 
period not to exceed 25 years.   
Graduated Monthly Payment Option	 (All loan types)	 	
Minimum Monthly Payment         Monthly interest accrual 
Maximum Repayment Period      25 years 
Under this plan, you will pay a minimum amount of at least the amount of interest that 
accrues monthly over a repayment period not to exceed 25 years. Your payments start out 
low and then increase every two years.  This plan may be beneficial if your income is low 
now but is likely to steadily increase. 
Under either fixed or graduated monthly payment option, the Extended Repayment Plan 
will give you a lower monthly payment on your non-consolidation loans than Standard or 
Graduated Repayment Plans.  Because of the longer repayment period, you will pay more 
interest over the life of your loan.   
If you have a consolidation loan and owe more than $30,000 but less than $40,000, the 
Extended Repayment Plan will provide you with a longer repayment period than the 
Standard or Graduated Repayment Plans, but the total amount of interest you pay over the 
life of the loan may be more than under those plans. 
 	
GRADUATED REPAYMENT PLAN 
  
Non-Consolidation Loans  
(Direct Subsidized Loans, Direct Unsubsidized Loans, & Direct PLUS Loans) 
Minimum Monthly Payment        Monthly interest accrual 
Maximum Repayment Period      10 years 
Under this plan, you will pay a minimum payment amount equal to the amount of interest 
that accrues monthly for up to 10 years.  Your payments start out low, and then increase 
every two years. No single payment under this plan will be more than three times greater 
than any other payment. Generally, the amount you will repay over the term of your loan 
will be higher under the Graduated Repayment Plan than under the Standard Repayment 
Plan. This plan may be beneficial if your income is low now but is likely to steadily 
increase.    
Consolidation Loans  
Minimum Monthly Payment   Monthly interest accrual 
Maximum Repayment Period      10 - 30 years 
Under this plan, you will pay a minimum payment amount equal to the amount of interest 
that accrues monthly over a repayment period of 10 to 30 years, depending on your total 
education indebtedness. Your payments start out low, and then increase every two years. 
No single payment under this plan will be more than three times greater than any other 
payment. Generally, the amount you will repay over the term of your loan will be higher 
under the Graduated Repayment Plan than under the Standard Repayment Plan. This plan 
may be beneficial if your income is low now but is likely to steadily increase.  	
Repayment Plan Choices 
William D. Ford Federal Direct Loan Program 
Federal Direct Stafford/Ford Loans, Federal Direct Unsubsidized Stafford/Ford Loans, 
Federal Direct PLUS Loans, Federal Direct Consolidation Loans

RPC 2009 
 
 
INCOME CONTINGENT REPAYMENT (ICR) PLAN 
Not available for Direct PLUS Loans made to parent borrowers or Direct PLUS 
Consolidation Loans. 
 
Minimum Monthly Payment             $0 or $5.00  
Maximum Repayment Period      25 years 
Under this plan, the payment amount is based upon your income.  The monthly 
payment amount will be the lesser of the following two calculations: 
1. the amount you would pay if you repaid your loan in 12 years, multiplied by an 
income percentage factor (ranging from approximately 55 percent to 200 percent) 
that varies with your annual income, or 
2. 20 percent of your monthly discretionary income.  Discretionary income is your 
federal Adjusted Gross Income (AGI) minus the poverty level for your family size. 
If you are married, both your AGI and your spouse’s AGI will be used to calculate your 
monthly repayment amount, even if you file your income taxes separately from your 
spouse. 
If you and your spouse each have Direct Loans and want to repay your loans under the 
ICR Plan, you may choose to repay your loans jointly.  The outstanding balances on 
each of your loans will be added together to determine your repayment amount. 
If your calculated monthly payment is between $0 and $ 5.00, you will be required to 
make a $5.00 monthly payment.  If your income is less than or equal to the poverty level 
for your family size, your payment will be $0.  In the event that your payment amount is 
less than the amount of interest accruing on your loan, the interest will be added to your 
loan principal (capitalized) once a year until the principal balance is 10 percent higher 
than the original balance.  After this occurs, interest will continue to accrue but will not 
be added to the principal balance. 
Under this plan, it is possible you will not make payments large enough to pay off your 
loans in 25 years.  If loans are not fully repaid after 25 years of repayment, any unpaid 
amount will be forgiven.  The maximum 25-year repayment period may include prior 
periods of repayment under certain other repayment plans, and periods of economic 
hardship deferment after October 1, 2007.  The forgiven amount may be considered 
taxable income. 
Your repayment amount is adjusted annually. It may be higher when your income is 
higher and lower when your income is lower. 
If you select the Income Contingent Repayment Plan, we will:  
1. require you to submit documentation of current income (yours and your 
spouse’s) in the first year of repayment.  You may be required to submit 
documentation of current income (yours and your spouse’s) in your second 
year of repayment as well. 
2. require you to complete a form that authorizes the Internal Revenue 
Service (IRS) to provide income information (yours and your spouse’s) to 
the U.S. Department of Education.  You must sign this form and return it to 
us.  The AGI from the IRS will be used to calculate your monthly repayment 
amount in years subsequent to the year(s) in which alternative 
documentation is required. 
In special circumstances when your federal tax return does not reflect your present 
income (for example, due to loss of employment), you may submit documentation of 
your current income. Your monthly payment will be based on this documented income 
information. 
 	
NOTE: If you are repaying your loan(s) under the ICR 
or IBR Plan, your repayment period will be a maximum 
of 25 years. If loans are not fully repaid after 25 years 
of repayment, any unpaid amount will be forgiven. The 
maximum 25-year repayment period may include prior 
periods of repayment under certain other repayment 
plans, and certain periods of economic hardship 
deferment. The forgiven amount may be considered 
taxable income.  
             	
INCOME-BASED REPAYMENT (IBR) PLAN 
Not available for Direct PLUS Loans made to parent borrowers (parent Direct PLUS 
Loans), Direct PLUS Consolidation Loans, or Direct Consolidation Loans that repaid 
parent Direct PLUS Loans or Federal Family Education Loan Program PLUS loans 
made to parent borrowers.	
 	
Minimum Monthly Payment             $0 or $10.00  
Maximum Repayment Period      25 years 
The Income-Based Repayment (IBR) Plan bases your monthly payment on your annual 
income and family size. You must be experiencing a Partial Financial Hardship to initially 
select this plan. A Partial Financial Hardship is a circumstance in which the annual amount 
due on all your eligible loans (see the accompanying Repayment Plan Selection form for a 
definition of “eligible loans”) at the time you entered repayment, as calculated under a 10-
year Standard Repayment Plan, exceeds 15 percent of the difference between your 
Adjusted Gross Income (AGI) and 150 percent of the poverty line income for your family 
size. 
Under this plan, your required monthly payment will be no more than 15 percent of the 
amount by which your AGI exceeds 150 percent of the poverty line income for your family 
size and state, divided by 12. In addition: 
1. If the calculated payment is less than $5.00 your required monthly payment will be 
$0.00. 
2. If the calculated payment is equal to or greater than $5.00, but less than $10.00, 
your required monthly payment will be $10.00. 
3. If all of your loans are not Direct Loans, your monthly payment amount will be 
determined by multiplying the calculated monthly payment by the percentage of the 
total amount of your eligible loans that are Direct Loans. 
If you are married and file your federal income taxes jointly with your spouse, both your 
AGI and your spouse’s AGI will be used to calculate your monthly payment. If you and your 
spouse file taxes separately, only your AGI will be used to calculate your monthly payment. 
Under this plan, it is possible you will not make payments large enough to pay off your 
loans in 25 years. If loans are not fully repaid after 25 years of repayment, any unpaid 
amount will be forgiven. The maximum 25-year repayment period may include prior periods 
of repayment under certain other repayment plans, and certain periods of economic 
hardship deferment after October 1, 2007. The forgiven amount may be considered taxable 
income. 
Your repayment amount may be adjusted annually. It may be higher or lower depending on 
changes in your income. If you select the Income-Based Repayment Plan, we will: 
1. require you to submit documentation of current income (yours and your spouse’s 
if you are married and file taxes jointly) in order to apply for the IBR plan.  
2. require you to complete a form that authorizes the Internal Revenue Service (IRS) 
to provide income information (yours and your spouse’s if you are married and 
files taxes jointly) to the U.S. Department of Education. You must sign this form 
and return it to us. The AGI from the IRS will be used to calculate your monthly 
repayment amount in years subsequent to the year(s) in which alternative 
documentation is required.  
In special circumstances when your federal tax return does not reflect your present income 
(for example, due to loss of employment), you may submit documentation of your current 
income. Your monthly payment will be based on this documented income information.  
If your payment does not cover all of the interest accumulating monthly on your Direct 
Subsidized Loans or Direct Subsidized Consolidation Loans, you will not be charged the 
remaining portion of the interest on those loans for a period not to exceed three consecutive 
years from the time you begin repayment under the IBR Plan. 
If you no longer have partial financial hardship, your monthly payment amount will be 
adjusted.  Your adjusted payment amount will not exceed the amount required to pay your 
loan in full under a 10-year Standard Repayment Plan based on the amount of your eligible 
loans that was outstanding at the time you began repayment under the IBR Plan (minimum of 
$50.00).  The repayment period based on this recalculated payment amount may be more 
than 10 years. 
If you choose to leave the IBR Plan, your account will be placed on the Standard 
Repayment Plan.  Your required monthly payment will be recalculated based on (1) the 
time remaining under the maximum 10-year repayment period for the amount of your 
loans that are outstanding at the time you leave the IBR Plan, or (2) if you are a Direct 
Consolidation Loan borrower, the time remaining under the applicable maximum 
repayment period for the amount of your Direct Consolidation Loan and your other 
student loans that are outstanding at the time you leave the IBR Plan. 
Go to Page 3 for sample payment amounts per plan.

RPC 2009 	 	
 
 
 
 
 	                                                          U.S. Department of Education Direct Loan Program 
 
  REPAYMENT PLAN CHOICES 
 
                                                           Example Payment Amounts by Repayment Plan 	 	
Non-Consolidation Borrowers *  	Debt When 
Loan Enters 
Repayment Standard Extended Fixed Extended 
Graduated Graduated  Income Contingent ** 
Income = $25,000 Income-Based ** 
Income = $25,000 	
Per 
Month Total Per 
Month Total Per 
Month Total Per 
Month Total  Single  Married/ HoH***  Single  Married/HoH *** 	
 
Per 
Month Total Per 
Month Total  Per Month  Total  Per Month  Total 	
$5,000 $58 $6,904 N/
A N/
A 
N/A 
N/A 
$40
 
$7,275
 
$37
 
$8,347 $36
 
$11,088
 
N/A 
N/A 
$39
 
$8,005 	
10,000 115 13,809 N/
A N/
A 
N/A 
N/A 
79 
14,550
 
75 
16,699 71
 
22,158
 
110
 
13,672
 
39 
16,081 	
25,000 288 34,524 N/
A N/
A 
N/A 
N/A 
198
 
36,375
 
186
 
41,748 178
 
55,440
 
110
 
45,014
 
39 
60,754 	
50,000 575 69,048 347 104,109
 
284
 
112,678
 
396
 
72,749
 
247
 
93,322 189
 
122,083
 
110
 
109,623
 
39 
92,704 	
100,000 1,151 138,096  694 208,217
 
568
 
225,344
 
792
 
145,498
 
247
 
187,553 189
 
170,153
 
110
 
118,058
 
39 
97,020 	
 
Notes: * Payments are calculated using a fixed interest rate of 6.8% for Direct Subsidized and Unsubsidized Loans disbursed on or after July 1, 2006. 
  ** Assumes a 5 percent annual income growth (Census Bureau).	
 	
  *** HOH is Head of Household. Assumes a family size of two. 
 	
 
 	
Consolidation Borrowers * 	Debt When 
Loan Enters 
Repayment Standard Extended Fixed Extended 
Graduated Graduated  Income Contingent  ** 
Income = $25,000 Income-Based ** 
Income = $25,000 	
Per 
Month Total Per 
Month Total Per 
Month Total Per 
Month Total  Single  Married/ HoH***  Single  Married/HoH *** 	
 
Per 
Month Total Per 
Month Total  Per Month  Total  Per Month  Total 	
$5,000 $61 $7,359 N/
A N/
A 
N/A 
N/A 
$38
 
$7,978
 
$40
 
$9,414 $38
 
$12,294
 
N/A 
N/A 
$39
 
$7,818 	
10,000 97 17,461 N/
A N/
A 
N/A 
N/A 
69 
19,165
 
80 
18,828 77
 
24,587
 
110
 
17,638
 
39 
22,414 	
25,000 213 51,123 N/
A N/
A 
N/A 
N/A 
172
 
55,491
 
201
 
47,069 189
 
61,588
 
110
 
59,451
 
39 
52,725 	
50,000 394 118,264 394 118,264
 
344
 
126,834
 
344
 
126,834
 
247
 
106,630 189
 
137,766
 
110
 
91,388
 
39 
78,816 	
100,000 751 270,452 788 236,528
 
688
 
253,660
 
688
 
286,305
 
247
 
187,553 189
 
170,153
 
110
 
117,343
 
39 
97,020 	
 
Notes: * Payments are calculated using the maximum interest rate for consolidation loans, 8.25%. 
  ** Assumes a 5 percent annual income growth (Census Bureau).	
 	
  *** HOH is Head of Household. Assumes a family size of two.