No. of Recommendations: 2
We are trying to help our daughter lower her monthly student loan payments under the IBR (Income based Repayment)option. I am confused about the difference between "income sensitive" and "income contingent" forms.

Has she asked the lender which ones are options for her loan(s)? Income Based Repayment (IBR), Income Senstive Repayment (ISR) and Income Contingent Repayment (ICR) are 3 different types of student loan repayment based on the income of the borrower and who the lender/what type of loan it is, as well as factors like debt:income ratio, family size, etc.

Here is some info about each type that identifies the type of loans/lenders that are eligible for each type of repayment:

IBR: http://www.finaid.org/loans/ibr.phtml
ISR: http://www.finaid.org/loans/isr.phtml
ICR: http://www.finaid.org/loans/icr.phtml

AJ
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