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If I’m repaying under the IBR or Pay As You Earn plan and my income increases so that I no longer qualify to make payments based on income, but I stay
Making payments under the IBR or Pay As You Earn plan that are not based on income does not disqualify
you from receiving loan forgiveness. As long as you remain on the IBR or Pay As You Earn plan and you
meet the other requirements for loan forgiveness, you will qualify for forgiveness of any loan balance that
remains at the end of the 20- or 25-year period. However, if your income remains high and you continue to
make the 10-year Standard Repayment Plan payment amount, your loans may be repaid in full before the
end of the repayment period.
For more information go to the Income-Driven Repayment Plans: Frequently Asked Questions Website