Income-Driven Repayment Plans: Questions And Answers - Federal Student Aid, U.s. Department Of Education Page 10
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26Loan Type
PAYE Plan
IBR Plan
ICR Plan
REPAYE
Plan
FFEL PLUS Loans made to graduate or
Eligible if
Eligible if
Eligible
Eligible if
professional students
consolidated*
consolidated*
consolidated*
FFEL PLUS Loans made to parents
Not eligible
Not eligible
Not eligible
Eligible if
consolidated*
FFEL Consolidation Loans that did not repay
Eligible if
Eligible if
Eligible
Eligible if
any PLUS loans made to parents
consolidated*
consolidated*
consolidated*
FFEL Consolidation Loans that repaid PLUS
Not eligible
Not eligible
Not eligible
Eligible if
loans made to parents
consolidated*
Federal Perkins Loans
Eligible if
Eligible if
Eligible if
Eligible if
consolidated*
consolidated*
consolidated*
consolidated*
*A loan type identified as “eligible if consolidated” cannot be repaid under the listed income-driven plan.
However, if you consolidate that loan type into a Direct Consolidation Loan, you may then repay the
Direct Consolidation Loan under the listed income-driven plan.
For example, a Subsidized Federal Stafford Loan (a type of loan made under the FFEL Program) cannot
be repaid under the REPAYE Plan because that plan is available only for Direct Loans. However, if you
consolidate a Subsidized Federal Stafford Loan into a Direct Consolidation Loan, you may then repay the
Direct Consolidation Loan under the REPAYE Plan.
Similarly, a Parent PLUS Loan may not be repaid under any of the income-driven repayment plans.
However, if you consolidate a Parent PLUS Loan into a Direct Consolidation Loan, the consolidation loan
can be repaid under the ICR Plan (but not the REPAYE Plan, the PAYE Plan, or the IBR Plan).
Consolidation is not right for all borrowers or all loan types. In particular, you may lose certain loan
benefits if you consolidate a Federal Perkins Loan. Find out more about loan consolidation at
StudentAid.gov/consolidation
.
12. If I have private education loans, are they counted as part of my student loan debt when
my servicer determines my eligibility for the PAYE Plan or the IBR Plan?
No. Private education loans are not counted. Only nondefaulted Direct Loans and FFEL Program loans
that are eligible for repayment under the PAYE Plan or the IBR Plan are counted as part of your student
loan debt for purposes of determining your eligibility. This includes private consolidation loans that repaid
federal student loans. Eligible federal student loans that were consolidated into a private consolidation
loan are no longer federal loans and are not considered when determining your eligibility for the PAYE
and IBR plans.
Note: You lose many of the benefits and consumer protections of federal loans when you consolidate
them into a private loan. Find out more about the differences between federal and private student loans at
StudentAid.gov/federal-vs-private
.
13. I want to repay my FFEL Program loans under the IBR Plan and my Direct Loans under
the PAYE plan. Will my loan servicers look only at my FFEL Program loan debt when
determining my eligibility for the IBR Plan, and only at my Direct Loan debt when
determining my eligibility for the PAYE Plan?
No. If you have both Direct Loans and FFEL Program loans, the 10-year Standard Repayment Plan
amount that is used in determining your initial eligibility for the PAYE or IBR plan is based on the total
Federal Student Aid |
StudentAid.gov
Page 10 of 26
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