A temporary adjustment to a repayment plan for student loans under the Federal Family Education Loan Program (FFELP) to assist low-income students in staying current with their payments. The amount of the monthly payment is set at a specific percentage of the borrower's gross monthly income and must be equal to or greater than the accrued interest amount. Income sensitive repayment terms must be renewed yearly to stay in effect.
Related information about income sensitive repayment (ISR):
- FinAid | Loans | Repayment Plans | Income Sensitive Repayment
Income Sensitive Repayment (ISR) is an alternative to income contingent repayment for loans serviced by lenders in the Federal Family Education Loan ...
- FinAid | Calculators | Income Sensitive Repayment Calculator
The Income Sensitive Repayment Calculator compares the cost of repaying Federal student loans using the Income Sensitive Repayment (ISR) option and the ...
- Income Sensitive Repayment (ISR) Definition | Investopedia
A method of repayment for loans that are serviced by lenders participating in the Federal Family Education Loan Program (FFELP). The ISR is intended to make ...
- What is income sensitive repayment (ISR)? definition and meaning
Definition of income sensitive repayment (ISR): A temporary adjustment to a repayment plan for student loans under the Federal Family Education Loan Program ...
- Income-Sensitive-Repayment (ISR) - Alltuition
The ISR is an alternative to the ICR (income contingent repayment) for loans serviced by FFELP (Federal Family Education Loan Program) lenders.
- ECMC Solutions - Income-dependent payment plans: Income ...
Income-Based Repayment (IBR): lower payments and loan forgiveness; Income- Sensitive Repayment (ISR): for FFEL Program borrowers; Income-Contingent ...
- ECMC - Income-dependent repayment plans
Income-Sensitive Repayment (ISR). This program may be a good option if you have Stafford, PLUS or Grad PLUS loans under the FFEL Program and want to ...
- Percentage of Income - American Student Assistance
If you have loans through the Federal Family Education Loan Program (FFELP), your can choose income-sensitive repayment (ISR). ISR lets you select a ...