Repayment Plans

Repaying your student loans is a responsibility that will not go away until the loans are paid in full. Whether you borrowed $1,000 or $30,000 in student loans, it’s important to be aware of the following repayment plans that may be available to you:

• Standard Repayment Plan

• Graduated Repayment Plan

• Extended Repayment Plan

• Income-Based Repayment Plan

• Pay As You Earn Repayment Plan

• Income-Contingent Repayment Plan

• Income-Sensitive Repayment Plan
• Revised Pay As You Earn (REPAYE) Repayment Plan

When considering your repayment plan, use the loan simulator to help you select the one that best fits your budget. You will need your FSA ID to access your actual loan information or you can use estimated loan amounts.

As a reminder, your loan will be placed in the 10-year Standard Repayment plan unless you request a different repayment plan from your loan holder or servicer(s). If you are considering another repayment plan, ask your loan holder or servicer(s) which option is best for you.