Not necessarily. Your income-driven repayment amount will be calculated annually and will be effective for
the 12-month period after it is calculated. Each year, your loan servicer will request updated income and
family size information. If your income or family size has changed from the prior year, your monthly payment
amount may increase or decrease as a result of using the new income or family size information in the
payment calculation. Additionally, if your income substantially changes during the year, you can ask your loan
servicer to recalculate your monthly payment.

For more information go to the Income-Driven Repayment Plans: Frequently Asked Questions Website