Student borrowers may repay their student loans through one of several repayment plans. Below is a list of each type of plan. Click on each type of plan to read about how each type differs and decide which one is best for you:
- Standard Repayment Plan
- Graduated Repayment Plan
- Extended Repayment Plan
- Income-Based Repayment (IBR)
- Income-Contingent Repayment (ICR) (Direct Only)
- Income-Sensitive Repayment (FFEL Only)
Loan Consolidation
If you have multiple federal student loans, you may also want to consider loan consolidation – the process of combining one or more loans into a single new loan. Some of the benefits of consolidation are:
- One lender and one monthly payment
- Flexible repayment options
- Lower monthly payment
- It’s free to consolidate
Understand Your Entitlements
- Deferments
- Forebearances
- Discharges
- Forgiveness Programs