repaye discretionary income definition
Borrowers have a âpartial financial hardshipâ (PFH) if their calculated payment based on income and family size is less than what they would pay under the fixed 10-year repayment plan. For all of these plans, monthly payments can be as low as $0. For REPAYE, 2014 IBR, PAYE, and Original IBR, discretionary income is defined as the amount of adjusted gross income (AGI) above 150% of the poverty level for the borrowerâs household size. For ICR, discretionary income is defined as the amount of AGI above 100% of the poverty level for the borrowerâs household size.