If your federal student loan payments are high compared to your income, you may want to repay your loans under an income-driven repayment plan. 
Most federal student loans are eligible for at least one income - driven repayment plan. If your income is low enough , your payment could be as low as $0 per month. An income - driven repayment plan sets your monthly student loan payment at an amount that is intended to be affordable based on your income and family size. We offer four income - driven repayment plans : Revised Pay As You Earn Repayment Plan REPAYE Plan Pay As You Earn Repayment Plan PAYE Plan Income - Based Repayment Plan IBR Plan Income - Contingent Repayment Plan ICR Plan If you d like to repay your federal student loans under an income - driven plan , you need to fill out an application. Why pay for help with your federal student loans when your loan servicer will help you for FREE? Contact your servicer to apply for income - driven repayment plans, student loan forgiveness, and more. Learn more about loan servicers. If you're seeking Public Service Loan Forgiveness , you should repay your federal student loans under an income - driven repayment plan. Try This Resource Federal Student Loans : Repaying Your Loans Provides information about federal student loan repayment plan options, finding loan history and loan servicers, and making payments. 

How is my monthly payment amount calculated under an income-driven repayment plan? 
Generally , your payment amount under an income - driven repayment plan is a percentage of your discretionary income. The percentage is different depending on the plan. The chart below shows how payment amounts are determined under each income - driven plan. Depending on your income and family size , you may have no monthly payment at all. * For the IBR Plan , you're considered a new borrower on or after July 1 , 2014, if you had no outstanding balance on a William D. Ford Federal Direct Loan Direct Loan Program loan or Federal 

user: Hello, I need to know what happens if I do not recertify my income and the size of my family?

assistant: It is vitally important to carry out such processes by the specified annual deadline to avoid penalties.

assistant: If you do not carry out such a process, I recommend that you recertify your income on the stipulated date.

user: Can you tell me more about it?

assistant: If you do not carry out the process in the time limit, you will be presented with other options that you should take into account.

user: Can you advise me more about that particular case please?

user: Can you explain what the AGI consists of?

assistant: Before continuing, can you tell me if you filed the federal tax return?

user: What would happen if I did not do it?

assistant: It is important that current income is not different with what you reported on the tax return.

user: What would happen if I did not make the declaration in the last years?

assistant: It can also be adjusted gross income or some alternative income report.

user: Can you tell me what is the income based plan?

assistant: It is primarily about providing the lowest payment amount, consult your business manager for advice on the matter.