Fillable Income-Driven Repayment Plan Request (Page 5 of 12) in pdf

SECTION 7: WHERE TO SEND THE COMPLETED AGREEMENT

Return the completed form and any documentation to:

If you need help completing this form, call:

(if no address is shown, return to your loan holder or

(if no telephone number is shown, call your loan holder

servicer.)

or servicer.)

SECTION 8: INSTRUCTIONS FOR COMPLETING THE FORM

Type or print using dark ink. Enter dates as month-day-year (mm-dd-yyyy). Use only numbers. Example: March 14, 2015

= 03-14-2015. Include your name and account number on any documentation that you are required to submit with this

form. Return the completed form and any required documentation to the address shown in Section 7.

SECTION 9: DEFINITIONS

COMMON DEFINITIONS FOR ALL INCOME-DRIVEN

For all plans, family size also includes other

REPAYMENT PLANS:

people only if they live with you now, receive more

than half their support from you now, and will

The William D. Ford Federal Direct Loan (Direct Loan)

continue to receive this support for the year that

Program includes Direct Subsidized Loans, Direct

you certify your family size. Support includes

Unsubsidized Loans, Direct PLUS Loans, and Direct

money, gifts, loans, housing, food, clothes, car,

Consolidation Loans.

medical and dental care, and payment of college

The Federal Family Education Loan (FFEL)

costs.

Program includes Federal Stafford Loans (both

For the purposes of these repayment plans,

subsidized and unsubsidized), Federal PLUS Loans,

your family size may be different from the number

Federal Consolidation Loans, and Federal

of exemptions you claim on your federal income tax

Supplemental Loans for Students (SLS).

return.

The poverty guideline amount is the figure for

Capitalization is the addition of unpaid interest

your state and family size from the poverty guidelines

to the principal balance of your loan. This will

published annually by the U.S. Department of Health

increase the principal balance and the total cost of

and Human Services (HHS). The HHS poverty

your loan.

guidelines are used for purposes such as determining

eligibility for certain federal benefit programs. If you

A deferment is a period during which you are entitled

are not a resident of a state identified in the poverty

to postpone repayment of your loans. Interest is not

guidelines, your poverty guideline amount is the

generally charged to you during a deferment on your

amount used for the 48 contiguous states.

subsidized loans. Interest is always charged to you during

a deferment on your unsubsidized loans.

Family size always includes you and your children

(including unborn children who will be born during the

A forbearance is a period during which you are

year for which you certify your family size), if the

permitted to postpone making payments temporarily,

children will receive more than half their support from

allowed an extension of time for making payments, or

you.

temporarily allowed to make smaller payments than

scheduled.

For the PAYE, IBR, and ICR Plans, family size also

always includes your spouse. For the REPAYE plan,

The holder of your Direct Loans is the U.S.

family size includes your spouse unless your spouse's

Department of Education (the Department). The

income is excluded from the calculation of your

holder of your FFEL Program loans may be a lender,

payment amount because you are (1) separated from

secondary market, guaranty agency, or the

your spouse or (2) unable to access your spouse's

Department. Your loan holder may use a servicer to

income information.

handle billing, payment, repayment options, and

other communications on your loans. References to

“your loan holder” on this form mean either your

loan holder or your servicer.

Page 5 of 12

Income-Driven Repayment Plan Request Page 5

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