If you have loans with different servicers and you want to repay all of your loans under an income-driven
repayment plan, you must apply to each servicer separately, and must check the box on the Income-Driven
Repayment Plan Request indicating that you owe eligible loans to more than one loan holder.

If you apply for the IBR or Pay As You Earn plan, each servicer will use the total amount of all of your eligible
loans—that is, your loans that are eligible to be repaid under the IBR or Pay As You Earn plans—to determine
whether you are eligible for the plan that you requested, even if some of the loans are with other servicers.

If you’re eligible for the plan you requested, each servicer will first determine your income-driven repayment
plan payment amount and then adjust that amount by multiplying it by the percentage of your total
outstanding eligible loan debt that is serviced by that servicer.

Example

  • 60 percent of your total outstanding eligible loan debt is with Servicer A and 40 percent is with Servicer B.
  • Your calculated monthly payment amount under the income-driven plan you have requested is $140.
  • You would be required to pay $84 per month (60 percent of $140) to Servicer A and $56 (40 percent of
    $140) to Servicer B.

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