Main menu

Call 800-639-3043 or Apply Now for FREE CONSULT and FREE PRE-APPROVAL

Repayment Plans: Federal Student Loans

Federal Student Loan Repayment Plans

Standard Repayment Plan:

Eligible loans include, Direct Subsidized and Unsubsidized Loans, Subsidized and Unsubsidized Federal Stafford Loans, and all PLUS loans. Payments are a fixed amount of at least $50 per month for up to 10 years. You'll pay less interest for your loan over time under this plan than you would under other plans.

Graduated Repayment Plan:

Eligible loans include Direct Subsidized and Unsubsidized Loans, Subsidized and Unsubsidized Federal Stafford Loans, and all PLUS loans. Payments are lower at first and then increase, usually every two years for up to 10 years. You'll pay more for your loan over time than under the 10-year standard plan.

Extended Repayment Plan:

Eligible loans include Direct Subsidized and Unsubsidized Loans, Subsidized and Unsubsidized Federal Stafford Loans, and all PLUS loans.  Payments may be fixed for graduated for 12 to 25 years.  Your monthly payments would be lower than the 10-year standard plan.

If you are a:

  • Direct Loan borrower, you must have more than $30,000 in outstanding Direct Loans.
  • FFEL borrower, you must have more than $30,000 in outstanding FFEL Program loans.

APPLY NOW or CALL 800-639-3043 for a FREE CONSULTATION and FREE PRE-APPROVAL!

Income Based Repayment Plan:

Eligible loans include Subsidized and Unsubsidized Loans, Subsidized and Unsubsidized Federal Stafford Loans, all PLUS loans made to students, and Consolidation Loans (Direct or FFEL) that do not include consolidated PLUS loans made to parents. Your maximum monthly payments will be 15 percent of discretionary income, the difference between your Adjusted Gross Income and 150% of the poverty guideline for your family size and state of residence (conditions apply) for up to 25 years. You must have a partial financial hardship. Your monthly payments will be lower than payments under the standard plan. You'll pay more for your loan over time than you would under the 10-year standard plan. If you have not repaid your loan in full after making the equivalent of 25 years of qualifying monthly payments and 25 years have passed, any outstanding balance on your loan may be canceled.

Income Contingent Repayment Plan:

Eligible loans include Direct Subsidized and Unsubsidized Loans, Direct PLUS Loans made to students, and Direct Consolidation Loans.  Payments are calculated each year and are based on your annual income, family size, and the total amount of your Direct Loans for up to 25 years. If you are married, your spouse's income is included. Your monthly payments will be lower than the standard repayment plan. You'll pay more for your loan over time than under the 10-year standard plan. If you do not repay your loan after 25 years under this plan, the unpaid portion will be forgiven. You may have to pay income tax on the amount that is forgiven.

Income Sensitive Repayment Plan:

Eligible loans include Subsidized and Unsubsidized Federal Stafford Loans, FFEL PLUS Loans made to students, and FFEL Consolidation Loans that do not include a PLUS loan made to parents.  Your monthly payment is based on annual income.  Your payments change as your income changes. Terms are up to 10 years. Your monthly payments will be lower than payments under the 10-year standard plan. You'll pay more for your loan over time than you would under the 10-year standard plan.