The election is over. Change is on the horizon. What is next for your student loans?

What do the recent court rulings on the SAVE plan mean for you? Read more here...

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Know Your Repayment Options: Which IDR Plan Should You Use?

Aspects	ICR	IBR 2009	PAYE	IBR 2014	REPAYE
Federal loan types	Direct Only	Direct & FFEL	Direct Only
Partial Financial Hardship test	No	Yes			No
Minimum payment per month	20% of discretionary income	15% of discretionary income	10% of discretionary income
Maximum payment per month	Standard 12-year plan	Standard 10-year plan			10% of discretionary income
Unpaid interest capitalization limits	10% of starting repayment balance	None	10% of starting repayment balance	None	N/A
Unpaid interest accrual net monthly payment	100%				50%
Repayment period (in years)	25	25	20		25
Income documentation	Required annually
Spouse income considered	Yes	Only if taxes filed jointly			Yes
Payments may qualify for PSLF	Yes
Forgiveness taxable	Yes

Key:

ICR = Income-Contingent Repayment

IBR = Income-Based Repayment (original version first eligible in 2009; updated by law in 2014)

PAYE = Pay as you Earn

REPAYE = Revised PAYE

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