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.
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The basic repayment plan for loans from the William D. Ford Federal Direct Loan (Direct Loan) Program and Federal Family Education Loan (FFEL) Program. |
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This plan starts with lower payments that increase every two years. |
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This plan allows you to repay your loans over an extended period of time. |
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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. |
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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: |
