income sensitive repayment (ISR)


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.
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income risk income shares