Student Loan Repayment Plans

Monthly Payment and Time Frame
Payments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).

Eligible Loans

Monthly Payment and Time Frame
Payments are lower at first and then increase, usually every two years, and are for an amount that will ensure your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).

Eligible Loans

Monthly Payment and Time Frame
Payments may be fixed or graduated, and will ensure that your loans are paid off within 25 years.

Eligible Loans

Monthly Payment and Time Frame
Your monthly payments will be 10 percent of discretionary income.
Payments are recalculated each year and are based on your updated income and family size.
You must update your income and family size each year, even if they haven’t changed.

If you’re married, both your and your spouse’s income or loan debt will be considered, whether taxes are filed jointly or separately (with limited exceptions).

Any outstanding balance on your loan will be forgiven if you haven’t repaid your loan in full after 20 years (if all loans were taken out for undergraduate study) or 25 years (if any loans were taken out for graduate or professional study).

Eligible Loans

Monthly Payment and Time Frame
Your monthly payments will be 10 percent of discretionary income, but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated each year and are based on your updated income and family size.

You must update your income and family size each year, even if they haven’t changed.
If you’re married, your spouse’s income or loan debt will be considered only if you file a joint tax return.
Any outstanding balance on your loan will be forgiven if you haven’t repaid your loan in full after 20 years.

Eligible Loans

Monthly Payment and Time Frame
Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan.

Payments are recalculated each year and are based on your updated income and family size.
You must update your income and family size each year, even if they haven’t changed.
If you’re married, your spouse’s income or loan debt will be considered only if you file a joint tax return.

Any outstanding balance on your loan will be forgiven if you haven’t repaid your loan in full after 20 years or 25 years, depending on when you received your first loans.
You may have to pay income tax on any amount that is forgiven.

Eligible Loans

Monthly Payment and Time Frame
Your monthly payment will be the lesser of

Payments are recalculated each year and are based on your updated income, family size, and the total amount of your Direct Loans.
You must update your income and family size each year, even if they haven’t changed.

If you’re married, your spouse’s income or loan debt will be considered only if you file a joint tax return or you choose to repay your Direct Loans jointly with your spouse.
Any outstanding balance will be forgiven if you haven’t repaid your loan in full after 25 years.

Eligible Loans

Monthly Payment and Time Frame
Your monthly payment is based on annual income, but your loan will be paid in full within 15 years.

Eligible Loans