Opportunity
Federal Register #2026-11540
Annual Update to Income-Contingent Repayment (ICR) Plan Formula for Federal Student Loans
Buyer
Education Department
Posted
June 09, 2026
Identifier
2026-11540
This notice from the Department of Education's Federal Student Aid office provides an annual update to the Income-Contingent Repayment (ICR) plan formula for the William D. Ford Federal Direct Loan Program. - No procurement or acquisition of products or services is involved - No OEMs, vendors, or commercial products are referenced - The notice details: - Updated income percentage factors for ICR plan calculations - Examples of monthly payment calculations for borrowers - Sample repayment charts for both single and married borrowers - Applies to borrowers entering the ICR plan or having payments recalculated during the specified period - The update is informational and intended for borrowers and the public, not for vendors or suppliers
Description
The Secretary of Education announces the annual updates to the Income-Contingent Repayment (ICR) plan formula for 2026. This notice informs borrowers and the public about how monthly ICR payment amounts will be calculated for the 2026-2027 year under the William D. Ford Federal Direct Loan Program. The adjustments to the income percentage factors for the ICR plan formula are applicable from July 1, 2026, to June 30, 2027, for any borrower who enters the ICR plan or has a monthly payment amount recalculated during that period. The notice includes updated income percentage factors, examples of monthly repayment calculations, and sample repayment charts for single and married borrowers.