If you think that an Income-Driven Repayment Plan may be right for you

If you think that an Income-Driven Repayment Plan may be right for you, you can apply either or with a paper copy (there are certain situations that require a paper copy, but usually online is best). There is a single application for all the Income-Driven Repayment Plans. You can select which plan you are applying for, or you can have your loan servicer decide which you are eligible for, and then place you in the plan with the lowest monthly premium. The second approach is not usually optimal, as there are many other factors to consider other than just which has the lowest monthly payment.

Note: You must fill out a new application and send it into each servicer if you have more than one.