Nearly all borrowers with federal student loans are currently eligible for an income-driven repayment (IDR) plan that allows them to cap monthly payments at 10 percent of their discretionary income. IDR plans also include a loan forgiveness benefit whereby remaining balances are canceled after a set period of making payments in IDR, typically 20 years. That such an apparent solution to the student debt crisis seems to be in place already complicates the current policy debate on student debt relief. Empirical evidence suggests that the program can provide as much or more relief to low-income households as forgiving $10,000 of debt per borrower would. Yet much of the policy debate implies that IDR does not exist or work. This report includes a brief explanation of the IDR program and its evolution. It also provides an overview of the program's current statistics, such as budget projections, enrollment figures, and loan forgiveness estimates. A discussion of key reform proposals advanced by policymakers and advocates is also included, along with a concluding section that offers recommended reforms.