OMB No. 1845-0102 - officially called the "Income-Driven Repayment Plan Request" - is a legal document you need to complete if you want to lower the monthly payment amount for your student loans. Each repayment plan will give you an affordable student loan payment plan based on your income, family size, and state of residence. All of these factors determine your discretionary income - the amount of money you can afford to repay your loans each month.
The Department of Education currently offers you the following income-driven repayment plans:
This form was released by the U.S. Department of Education. You can download the OMB No. 1845-0102 Form through the link below.
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