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Who is Nelnet? Yes, we're a student loan servicing company \u2013 but we're much more than that.
To qualify, the payment you would make based on your family size and income for IBR must be less than what you would pay under a standard repayment plan with a 10-year repayment term. If the amount is more, you wouldn't benefit from IBR and you won't qualify.
You must provide documentation of all taxable income you and your spouse (if applicable) currently receive. Taxable income includes, for example, income from employment, unemployment income, dividend income, interest income, tips, and alimony.
Generally, processing your IDR application should take no more than two weeks.
Great Lakes Higher Education Corp. is one of seven companies that service federal loan debt by collecting and tracking payments. Great Lakes is in the process of transferring its portfolio to Nelnet, another federal student loan servicer.
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People also ask

IDR stands for Information Document Request. An IDR is issued on IRS Form 4564. It is a form that the IRS uses during a tax audit to request information from the taxpayer.
In order to have your loans forgiven, you have to make 120 \u201cqualifying\u201d on-time payments. All that means is that once you receive your bill (which will say how much you owe and when you have to pay it by), you pay that amount by the due date or up to 15 days after. These payments do not need to be consecutive.
Nelnet provides customer service for federal student loans made by the Department of Education and for other lenders, and we are happy to help any way we can.
How to fill out an income-driven repayment (IDR) plan request form Go to the Federal Student Aid website and click Log In to log on with your FSA ID and password. Go back to the FSA main page, click on Repayment & Consolidation in the main navigation bar. Click Apply for an Income-Driven Repayment Plan.
These income-driven repayment (IDR) plans can make your monthly payment as little as 10 percent of your income. Despite the right to an IDR plan, borrowers still struggle to enroll. Generally, processing your IDR application should take no more than two weeks.

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