Income-Driven Repayment (IDR)
Lending & MortgagesFederal student loan repayment plans that cap monthly payments at a percentage of discretionary income.
Example
Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding income-driven repayment (idr) helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how income-driven repayment (idr) impacts your specific situation.