5 Aug 2025
🎓Updates to Income-Contingent Repayment Plan for 2025 Announced
Annual Updates to the Income-Contingent Repayment (ICR) Plan Formula for 2025-William D. Ford Federal Direct Loan Program
Summary
The Secretary announces the annual updates to the ICR plan formula for 2025 to give notice to borrowers and the public regarding how monthly ICR payment amounts will be calculated for the 2025-2026 year under the William D. Ford Federal Direct Loan (Direct Loan) Program, Assistance Listing Number 84.063.
Agencies
- Education Department
Business Impact
$$ - Med
The announcement about annual updates to the Income-Contingent Repayment (ICR) Plan for federal student loans impacts business owners and executives, as changes in repayment calculations may affect borrowers' disposable incomes and ability to repay loans, influencing hiring and spending decisions.