If your income has significantly decreased or increased, you may (but are not required to) ask your servicer to
recalculate your current monthly payment amount at any time. You can do this by submitting a new Income-Driven

Repayment Plan Request and checking the box to indicate that you are requesting a recalculation due
to a change in your circumstances. You will be required to provide documentation of your current income.
If your loan servicer recalculates your monthly payment based on your request, this will change the annual
date that you are required to provide updated income information and certify your family size. The new date
will be one year from the date your monthly payment is recalculated, and then each year at around the same
time.

As noted above, you are not required to report changes in your financial circumstances before the annual
date when you must provide updated income information. You may choose to wait until your loan servicer
tells you that you need to provide updated income information at the normally scheduled time. If you choose
to wait, your current required monthly payment amount would remain the same until you provide the updated

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