Georgia Student Finance Commission

Repayment Options

Federal Student Loans

Repayment Options

Find the right repayment plan for you, learn how to make payments, get help if you can’t afford your payments, and see what circumstances might result in a loan being forgiven, canceled or discharged.

Repayment Type


Standard Repayment Plan

The basic repayment plan for loans from the William D. Ford Federal Direct Loan (Direct Loan) Program and Federal Family Education Loan (FFEL) Program.

Graduated Repayment Plan

This plan starts with lower payments that increase every two years.

Extended Repayment Plan

This plan allows you to repay your loans over an extended period of time.

Income-Sensitive Repayment Plan

This is available to low-income borrowers who have Federal Family Education Loan (FFEL) Program loans.

Income-Driven Repayment Plan

If your outstanding federal student loan debt is higher than your annual income or if it represents a significant portion of your annual income, you may want to repay your federal student loans under an income-driven repayment plan. These include:

  • Income-Based Repayment Plan (IBR)
  • Pay As You Earn (PAYE)
  • Income-Contingent