Generally, your monthly payment amount under an IDR plan is a percentage of your discretionary income, and the percentage varies by plan. The chart below breaks down how payment amounts are determined under each plan, and any changes to the plan following the SCOTUS ruling announced June 30, 2023.
Depending on your income and family size, you could have no monthly payment at all – a situation that is even more likely under the new SAVE plan that’s replacing REPAYE.