Comparison of Total Originations to the Net Present Value of Payments in Each IDR Repayment Plan 

All Borrowers Expected to Enter IDR Repayment in 2020 

Column1 Column2 All 

Less Than 

$40,000 

$40,000 to 

$60,000 

$60,000 to 

$80,000 

$80,000 to 

$100,000 

$100,000 to 

$150,000 

$150,000 and 

Over 

All Originations 107,874 19,838 35,668 25,281 12,463 11,897 2,726 

ICR Payments 139,574 18,702 44,825 34,926 18,320 18,533 4,268 

IBR Payments 98,318 10,847 30,407 25,271 13,705 14,344 3,745 

PAYE Payments 65,758 7,000 20,037 16,867 9,258 9,869 2,727 

Repaye Payments 86,420 9,177 25,619 21,836 12,369 13,738 3,682 

Debt Less Than $10,000 Originations 971 524 316 93 18 18 2 

ICR Payments 1,261 642 440 127 25 25 2 

IBR Payments 1,014 473 378 115 22 23 2 

PAYE Payments 815 362 311 100 19 21 2 

Repaye Payments 1,032 523 359 106 21 21 2 

Debt $10,000 to $20,000 Originations 3,935 1,572 1,630 508 133 84 8 

ICR Payments 5,101 1,890 2,219 686 179 115 11 

IBR Payments 4,195 1,338 1,934 638 168 107 11 

PAYE Payments 3,335 987 1,556 546 146 90 9 

Repaye Payments 4,063 1,401 1,817 584 153 98 10

 Debt $20,000 to $30,000 Originations 7,380 2,034 3,033 1,529 480 281 24 

ICR Payments 9,700 2,475 4,126 2,055 637 375 31 

IBR Payments 8,180 1,691 3,555 1,927 611 364 32 

PAYE Payments 6,437 1,198 2,745 1,611 531 321 30 

Repaye Payments 7,511 1,584 3,241 1,756 564 337 29 

Debt $30,000 to $50,000 Originations 15,195 3,537 6,271 3,298 1,207 789 93 

ICR Payments 20,499 4,266 8,782 4,578 1,659 1,085 129 

IBR Payments 16,540 2,565 7,033 4,205 1,569 1,039 130 

PAYE Payments 12,175 1,676 4,961 3,256 1,303 869 111 

Repaye Payments 14,592 2,108 6,153 3,807 1,449 958 118

 Debt $50,000 to $100,000 Originations 28,947 5,594 10,217 6,844 3,118 2,581 592 

ICR Payments 40,757 5,991 15,110 10,316 4,657 3,812 870 

IBR Payments 29,748 3,039 9,848 8,308 4,108 3,588 858 

PAYE Payments 19,973 1,796 6,161 5,604 2,961 2,759 692 

Repaye Payments 26,802 2,297 8,382 7,757 4,059 3,488 820 

Debt Over $100,000 Originations 51,446 6,576 14,200 13,011 7,507 8,144 2,007 

ICR Payments 62,254 3,438 14,146 17,163 11,161 13,120 3,225 

IBR Payments 26,694 1,742 7,659 10,079 7,227 9,223 2,712 

PAYE Payments 23,023 981 4,303 5,750 4,298 5,808 1,883 

Repaye Payments 36,948 1,264 5,667 7,827 6,122 8,836 2,703 

Non-Consolidated Originations 61,516 10,485 21,185 14,352 7,092 6,984 1,418 

ICR Payments 81,672 10,790 26,995 20,086 10,498 11,038 2,266 

IBR Payments 59,108 6,596 19,067 14,860 7,976 8,616 1,993 

PAYE Payments 40,511 4,392 12,912 10,185 5,508 6,030 1,483 

Repaye Payments 52,543 5,747 16,339 12,932 7,262 8,284 1,980 

Consolidated Not From Defa Originations 39,559 6,531 12,051 10,004 5,000 4,692 1,281 

ICR Payments 49,688 5,289 14,606 13,443 7,258 7,136 1,956 

IBR Payments 34,272 2,859 9,369 9,494 5,336 5,491 1,724 

PAYE Payments 22,185 1,763 5,900 6,103 3,495 3,697 1,227 

Repaye Payments 29,467 2,248 7,563 8,055 4,732 5,203 1,666 

Consolidated From Default Originations 6,799 2,822 2,432 925 371 222 27 

ICR Payments 8,213 2,623 3,224 1,398 564 359 46 

IBR Payments 4,939 1,392 1,971 918 393 236 28 

PAYE Payments 3,061 844 1,225 578 255 143 16 

Repaye Payments 4,410 1,182 1,718 849 374 251 36 

Less than Bachelor's Degree Originations 11,655 4,703 4,507 1,555 494 370 25 

ICR Payments 15,123 5,435 6,276 2,173 688 515 36 

IBR Payments 11,318 3,417 4,892 1,895 620 458 35 

PAYE Payments 8,287 2,367 3,565 1,458 494 377 26 

Repaye Payments 10,393 3,224 4,366 1,745 580 445 32 

Bachelor's Degree Originations 23,504 5,443 9,948 5,357 1,588 1,070 98 

ICR Payments 31,229 6,321 13,776 7,384 2,154 1,460 134 

IBR Payments 24,635 3,847 10,738 6,571 1,994 1,354 131 

PAYE Payments 17,992 2,527 7,578 5,035 1,630 1,111 110 

Repaye Payments 21,311 3,142 9,131 5,836 1,827 1,254 121 

Borrowed as Graduate Stud Originations 72,715 9,691 21,213 18,369 10,381 10,457 2,603 
 

 

 

 

ICR Payments 93,221 6,946 24,774 25,369 15,477 16,558 4,098 

IBR Payments 62,365 3,582 14,776 16,805 11,091 12,531 3,579 

PAYE Payments 39,478 2,106 8,894 10,373 7,133 8,382 2,591 

Repaye Payments 54,716 2,811 12,122 14,255 9,961 12,040 3,528 

Notes: 

1) Payments are calculated for each borrower for each IDR repayment plan regardless of which plan they actually chose. 

2) Scheduled payments assuming no defaults or other claims, no prepayments, and ignoring Public Sector Loan Forgiveness. 
 to the Net Present Value of Payments in Each IDR Repayment Plan 

ers Expected to Enter IDR Repayment in 2020 

Average Projected Adjusted Gross Income 

Column1 Column2 All Less Than $40,000 $40,000 to $60,000 $60,000 to $80,000 $80,000 to $100,000 $100,000 to $150,000 $150,000 and Over 

All Originations 100.00% 18.39% 33.06% 23.44% 11.55% 11.03% 2.53% 

ICR Payments 129.39% 94.28% 125.67% 138.15% 146.99% 155.77% 156.55% 

IBR Payments 91.14% 54.68% 85.25% 99.96% 109.97% 120.56% 137.36% 

PAYE Payments 60.96% 35.28% 56.18% 66.72% 74.28% 82.95% 100.03% 

Repaye Payments 80.11% 46.26% 71.83% 86.37% 99.24% 115.47% 135.03% 

Debt Less Than $10,000 Originations 0.90% 0.49% 0.29% 0.09% 0.02% 0.02% 0.00% 

ICR Payments 129.94% 122.64% 139.26% 136.60% 136.94% 137.05% 129.47% 

IBR Payments 104.45% 90.43% 119.39% 123.69% 122.26% 130.17% 126.33% 

PAYE Payments 84.00% 69.20% 98.31% 107.53% 104.28% 118.18% 109.21% 

Repaye Payments 106.29% 99.86% 113.64% 113.90% 114.08% 116.36% 112.07% 

Debt $10,000 to $20,000 Originations 3.65% 1.46% 1.51% 0.47% 0.12% 0.08% 0.01% 

ICR Payments 129.63% 120.21% 136.14% 135.22% 135.04% 136.80% 133.67% 

IBR Payments 106.59% 85.09% 118.62% 125.63% 126.52% 126.71% 131.08% 

PAYE Payments 84.74% 62.78% 95.47% 107.56% 109.69% 107.38% 111.04% 

Repaye Payments 103.24% 89.11% 111.49% 114.97% 115.39% 116.08% 118.35%

 Debt $20,000 to $30,000 Originations 6.84% 1.89% 2.81% 1.42% 0.44% 0.26% 0.02% 

ICR Payments 131.45% 121.67% 136.06% 134.46% 132.90% 133.55% 130.97% 

IBR Payments 110.84% 83.11% 117.22% 126.09% 127.46% 129.57% 133.45% 

PAYE Payments 87.23% 58.90% 90.51% 105.41% 110.83% 114.37% 126.39% 

Repaye Payments 101.78% 77.88% 106.87% 114.89% 117.69% 119.83% 121.15% 

Debt $30,000 to $50,000 Originations 14.09% 3.28% 5.81% 3.06% 1.12% 0.73% 0.09% 

ICR Payments 134.91% 120.61% 140.04% 138.82% 137.48% 137.49% 138.37% 

IBR Payments 108.85% 72.50% 112.15% 127.51% 129.98% 131.65% 140.20% 

PAYE Payments 80.12% 47.37% 79.10% 98.73% 107.97% 110.09% 119.04% 

Repaye Payments 96.03% 59.59% 98.11% 115.44% 120.05% 121.43% 126.71%

 Debt $50,000 to $100,000 Originations 26.83% 5.19% 9.47% 6.34% 2.89% 2.39% 0.55% 

ICR Payments 140.80% 107.09% 147.89% 150.74% 149.35% 147.70% 146.99% 

IBR Payments 102.77% 54.32% 96.38% 121.39% 131.75% 138.99% 144.88% 

PAYE Payments 69.00% 32.10% 60.30% 81.89% 94.94% 106.91% 116.92% 

Repaye Payments 92.59% 41.06% 82.03% 113.34% 130.16% 135.13% 138.44% 

Debt Over $100,000 Originations 47.69% 6.10% 13.16% 12.06% 6.96% 7.55% 1.86% 

ICR Payments 121.01% 52.27% 99.62% 131.91% 148.67% 161.11% 160.63% 

IBR Payments 51.89% 26.48% 53.94% 77.46% 96.26% 113.25% 135.09% 

PAYE Payments 44.75% 14.91% 30.30% 44.19% 57.25% 71.32% 93.80% 

Repaye Payments 71.82% 19.22% 39.91% 60.15% 81.55% 108.50% 134.67% 

Non-Consolidated Originations 57.03% 9.72% 19.64% 13.30% 6.57% 6.47% 1.31% 

ICR Payments 132.77% 102.91% 127.42% 139.95% 148.02% 158.06% 159.80% 

IBR Payments 96.09% 62.91% 90.00% 103.53% 112.47% 123.38% 140.55% 

PAYE Payments 65.85% 41.89% 60.95% 70.97% 77.66% 86.34% 104.63% 

Repaye Payments 85.41% 54.81% 77.12% 90.10% 102.40% 118.62% 139.64% 

Consolidated Not From Default Originations 36.67% 6.05% 11.17% 9.27% 4.64% 4.35% 1.19% 

ICR Payments 125.61% 80.99% 121.21% 134.38% 145.16% 152.07% 152.67% 

IBR Payments 86.63% 43.77% 77.74% 94.90% 106.71% 117.03% 134.52% 

PAYE Payments 56.08% 26.99% 48.96% 61.01% 69.90% 78.78% 95.77% 

Repaye Payments 74.49% 34.42% 62.76% 80.52% 94.64% 110.88% 129.97% 

Consolidated From Default Originations 6.30% 2.62% 2.25% 0.86% 0.34% 0.21% 0.03% 

ICR Payments 120.80% 92.94% 132.55% 151.06% 152.03% 162.03% 169.87% 

IBR Payments 72.64% 49.35% 81.03% 99.17% 106.00% 106.61% 104.10% 

PAYE Payments 45.02% 29.92% 50.36% 62.46% 68.64% 64.52% 60.64% 

Repaye Payments 64.87% 41.90% 70.62% 91.75% 100.87% 113.32% 133.23% 

Less than Bachelor's Degree Originations 10.80% 4.36% 4.18% 1.44% 0.46% 0.34% 0.02% 

ICR Payments 129.76% 115.56% 139.24% 139.71% 139.34% 139.19% 142.64% 

IBR Payments 97.11% 72.65% 108.54% 121.87% 125.60% 123.77% 137.87% 

PAYE Payments 71.10% 50.33% 79.09% 93.76% 100.09% 101.69% 102.20% 

Repaye Payments 89.17% 68.55% 96.87% 112.20% 117.57% 120.10% 128.07% 

Bachelor's Degree Originations 21.79% 5.05% 9.22% 4.97% 1.47% 0.99% 0.09% 

ICR Payments 132.87% 116.14% 138.47% 137.84% 135.65% 136.45% 136.43% 

IBR Payments 104.81% 70.69% 107.94% 122.66% 125.55% 126.59% 133.29% 

PAYE Payments 76.55% 46.43% 76.18% 94.00% 102.66% 103.86% 112.53% 

Repaye Payments 90.67% 57.73% 91.79% 108.93% 115.04% 117.17% 123.67% 

Borrowed as Graduate Student Originations 67.41% 8.98% 19.66% 17.03% 9.62% 9.69% 2.41% 

ICR Payments 128.20% 71.67% 116.79% 138.11% 149.09% 158.34% 157.44% 

IBR Payments 85.77% 36.96% 69.66% 91.48% 106.84% 119.83% 137.50% 

PAYE Payments 54.29% 21.73% 41.93% 56.47% 68.71% 80.15% 99.53% 

Repaye Payments 75.25% 29.00% 57.14% 77.61% 95.95% 115.13% 135.53% 

Notes: 

1) Payments are calculated for each borrower for each IDR repayment plan regardless of which plan they actually chose. For example, the payments shown in the upper left 

cells (representing all IDR borrowers entering repayment in FY 2020) represent projected payments by IDR plan, assuming the entire $107,874,044,485 in originations were repaid under that specific IDR plan. 

2) The distribution of originations represents the projected distribution of IDR volume across the various incomes and debt levels. 

3) Scheduled payments assume no defaults or other claims, no prepayments, and ignoring Public Sector Loan Forgiveness.