How long do IDR plans last?Your IDR plan will last as long as you qualify and recertify annually. You must make monthly payments on your income-based repayment plan until you either pay off the entire loan balance or qualify for loan forgiveness. Your balance will become eligible for loan forgiveness after either 20 or 25 years of qualifying payments, depending on the type of plan and your situation.
Your IDR plan will last as long as you qualify and recertify annually. You must make monthly payments on your income-based repayment plan until you either pay off the entire loan balance or qualify for loan forgiveness. Your balance will become eligible for loan forgiveness after either 20 or 25 years of qualifying payments, depending on the type of plan and your situation.