Income-Based Repayment

A.M. Money is the ONLY private student lender to offer Income-Based Repayment (IBR), a program designed to help students transition into their careers and avoid premature defaults.

The path to financial success and stability is not always linear, nor is it easy. That’s why we designed TWO simple repayment programs:


  • IBR can reduce monthly payments for a maximum of 36 months to help you get through any periods of financial instability. Basically, if you make less money, you pay less monthly.

  • To qualify, you must be experiencing a financial hardship. If the calculated monthly payment in the Full Monthly Payment plan is higher than the monthly amount calculated under IBR, then you qualify!

  • IBR monthly payment amounts can increase or decrease year over year based on changes to your income, family size, and location.


  • You make your full monthly payment every month.

  • The payment amount is calculated according to your loan amount.

  • You can always pay more than your calculated monthly amount, which can decrease the total amount you pay over the life of your loan.

  • If anything ever changes you can always apply to our IBR program!

Either you can afford a full monthly payment or you can’t, and that’s okay.


Pay based on what you earn.

Our income-based repayment plan gives you more flexibility during periods of financial instability.

Under IBR, monthly payments will not exceed 15% of your discretionary income and will never be more than the amount required to pay under the Full Monthly Payment Repayment Plan.

During any repayment period, interest continues to accrue. Interest will not be capitalized (added to the principal of the loan) until the end of the last IBR repayment period, or in the case that the required documentation is not received.


You may pay more interest long-term.

Just like the federal IBR program, you will likely pay more in total interest over the life of the loan compared to a Full Monthly Payment repayment plan.

You may be required to submit documentation each year. If documentation is not received to determine eligibility for IBR, the monthly payment amount will remain the same, however unpaid interest will be capitalized (added to the loan principal). If you are no longer eligible for IBR, your monthly payment will revert back to the Full Monthly Payment plan amount. Refer to the IBR application to see a list of required documentation.


Under the IBR plan, monthly payments are:

  • calculated based on your income & family size

  • adjusted each year, based on any changes to annual income and family size

  • never higher than the Full Monthly Payment Plan repayment amount at the time of election of IBR


Find out if your financial circumstances qualify you for a lower payment in the IBR program by calling your loan servicer and requesting the A.M. Money Loan Modification program.

Call AES toll-free at 1-800-233-0557.


Under the A.M. Money Loan Modification Income-Based Repayment Plan (IBR), the amount required to be repaid each month is based on your Adjusted Gross Income (AGI) and family size. If you are married and you file a joint federal tax return with your spouse, the AGI includes both of your incomes. The annual IBR repayment amount is 15% of the difference between the your AGI and 150% of the Department of Health and Human Services poverty guideline for your family size and state. This amount is then divided by 12 to get the monthly IBR payment amount. Income-Based Repayment is based on the adjusted gross income during the prior tax year.

The minimum monthly payment under the IBR program is $50 per month.

Sample monthly payments based on income and family sizes

This chart was built using the Poverty Guidelines for the 48 contiguous states and the District of Columbia that were in effect as of January 18, 2018. Estimated Monthly Payment Amount Under IBR: