In response to a request from the OUSA General Assembly in Fall 2007 the OUSA research staff has undertaken the task of developing a research paper regarding Income Contingent Loan Repayment (ICLRP). In light of the particular intricacies of ICLRPs, the paper seeks to meet several objectives. Overall, it attempts to analyze if an ICLRP could be a viable alternative for loan repayment in Ontario. The paper, however, does take a multi-faceted approach, in order to deliver a holistic overview of the situation.