Income-based repayment is set at 15 percent above 150 percent of poverty
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82001, Sec. 82001.
Written by .
Income-based repayment is set at 15 percent above 150 percent of poverty
The document says “means”Who acts: Secretary of EducationHow: statuteSec. 82001 in the PDF
What the document says
“means 15 percent of the result obtained by calculating, on at least an annual basis, the amount by which--”
The section rewrites section 493C(a)(3) of the Higher Education Act of 1965 so the applicable amount is 15 percent of the sum by which the borrower's and any spouse's adjusted gross income exceeds 150 percent of the poverty line for the family size. It lets any borrower of a covered loan elect a monthly payment of that amount divided by 12, caps the payment at the 10 year standard amount where the calculation runs higher or the borrower drops the election, and allows repayment beyond 10 years. It also drops the partial financial hardship test from section 428(b)(9)(A)(v).
What the document actually says
“means 15 percent of the result obtained by calculating, on at least an annual basis, the amount by which--”
That sentence, in plain words
The figure is 15 percent of an amount. The steps that follow say how that amount is worked out.
What this is about
It is income above 150 percent of the poverty line. Family size sets the line. The result is then divided over 12 months.
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Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 82001, 139 Stat. 337 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“Income-based repayment is set at 15 percent above 150 percent of poverty,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82001, Sec. 82001. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec82001-ibr/ (retrieved August 26, 2026).
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