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.

We understand that the path to financial success and stability is not always linear for our borrowers, nor is it easy… That’s why we designed our repayment options to be as simple as possible with our two simple programs:

Either you can afford a full monthly payment, or you can’t.

If you can’t, you can apply for our Income-Based Repayment (IBR) program, which can reduce monthly payments for a maximum of 36 months to help you through any periods of financial instability. To qualify, you must be experiencing a financial hardship. To us, “financial hardship” means that a full monthly payment in the standard repayment plan is higher than the monthly amount calculated under IBR. IBR monthly payment amounts can increase or decrease each year based on your income, family size, and location. Just like the federal IBR program, if you no longer qualify for reduced payment, your monthly payment will never exceed the standard repayment amount the borrower paid before becoming eligible for IBR.


Pay based on what you earn.

IBR gives you more flexibility while you are in a period 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 Standard Repayment Plan.

During any IBR payment period, interest does continue to accrue. If the IBR payments are not enough to pay the current accruing interest, the interest will not be capitalized (added to the principal of the loan) until the end of the last IBR repayment period.


You may pay more interest over the life of the loan.

Just like the federal IBR program, you will likely pay more in total interest over the life of the loan compared to a standard 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 standard plan amount. Refer to the IBR application to see a list of required documentation.


Under this 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 standard 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 (HHS) 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