Standard Repayment
When a borrower leaves school and enters repayment on their student loans, these loans are typically enrolled on a Standard Repayment Plan. On the Standard Repayment Plan, borrowers are required to pay a fixed payment over a ten year term (10-30 years for Consolidation Loans). Learn more…
Graduated Repayment
Borrowers who make a modest living after graduating from college but anticipate a steady increase in income could benefit from the Graduated Repayment Plan. The Graduated Repayment Plan works by setting payments low at the beginning of the repayment period, with payments increasing slightly every two years. Learn more…
Extended Repayment
On the Extended Repayment Plan, borrowers can make reduced monthly payments for up to 25 years. While payments on the Extended Repayment plan may be much more affordable than the 10-Year Standard Repayment Plan, borrowers will typically pay more in interest as a result of the extended term. Learn more…
Income Sensitive Repayment
The Income Sensitive Repayment Plan (ISR) allows borrowers with Federal Family Education Loan (FFEL) program loans to reduce monthly loan payments. The ISR plan takes a borrower’s income into consideration when establishing loan payments. Learn more…
Income-Based Repayment
Income-Based Repayment (IBR) is a federal program created to keep monthly student loan payments affordable for borrowers with low incomes and large student loan balances. Learn more…
Income-Contingent Repayment
Income-Contingent Repayment (ICR) is a federal program that can help lower payments for borrowers that may not qualify for Pay As You Earn or Income-Based Repayment (IBR). Learn more…
Pay As You Earn
Pay As You Earn is a federal program introduced on December 21, 2012 to keep monthly student loan payments affordable for borrowers with low incomes and high student loan balances. Compared to other plans, Pay As You Earn typically provides the lowest payment. Learn more…
Revised Pay As You Earn (REPAYE)
Revised Pay As You Earn is a federal student loan program that was launched on December 17, 2015. REPAYE is designed to help borrowers maintain affordable monthly student loan payments relative to their income. Learn more…
Deferment & Forbearance
In certain cases, you can temporarily postpone student loan payments through a deferment or forbearance. These options can help keep student loans in good standing and prevent credit damage. Learn more…
Loan Discharge
Your federal student loan debt could be discharged if you meet certain criteria. Learn more…
Student Loan Forgiveness for Teachers
Student loan forgiveness is available for some teachers who work full-time in elementary or secondary schools, or educational service agencies, that serve low-income communities. Learn more…
Student Loan Forgiveness for Public Service
Student loan forgiveness is available for student loan borrowers who pursue careers in the public service field. Learn more…
Perkins Loan Cancellation
Borrowers with Perkins loans have special cancellation benefits in certain situations. Learn more…
Federal Consolidation
A Direct Consolidation Loan provides an option for federal student loan borrowers to consolidate one or more federal student loans into one loan. Learn more…
Federal Student Loan Default
Borrowers who miss student loan payments could face the penalties of a student loan default. Learn more…
Private Student Loan Options
Unlike the standardized options provided for federal student loans, repayment options for institutional, private, and state loans can vary significantly. Learn more…