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What Do I Need? A verified FSA ID. Your financial information. Close. FINANCIAL INFORMATION. You will be given the option to document your income electronically by granting us consent to access your information and import it into an IDR application. Your personal information. Your spouses information, if applicable.
How do I submit an IDR application?
*To download and print a paper version of the IDR Plan Request, follow these steps: Visit the Forms Library. Open the Loan Repayment section. Under Income-Driven Repayment (IDR) Plans, select the PDF link next to the Apply Online button. Fill out and print the form. Fax or mail the form to your loan servicer.
What documentation is required for IDR income?
Youll need to provide income documentation in the application or attest that you currently have no taxable income. If you use the paper form, you can provide a paper copy of your most recently filed federal income tax return or IRS tax return transcript.
How long does it take for an IDR application to be approved?
Note: We maintain the online application for IDR plans, but we transfer your IDR plan request to your loan servicer for processing. Your servicer will notify you when your request has been processed. Processing typically takes about 30 days from the date you submit the request.
How do I file an IDR?
Either party can initiate the Federal IDR Process by submitting a Notice of IDR Initiation to the other party and to the Departments within 4 business days after the close of the open negotiation period. The notice must include the initiating partys preferred certified IDR entity.
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Income-Driven Repayment Plans for Federal Student Loans
To apply, you must submit an application called the Income-Driven Repayment Plan Request. You can submit the application online at StudentLoans.gov or on a
Jun 29, 2021 Available regardless of financial need to parents of dependent students (Parent PLUS) and to graduate and professional students (Grad PLUS).
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