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Federal Student Loan Repayment Options

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  • Standard Repayment Loan: You make payments for up to 10 years. Your monthly payments are higher than other plans but your total payments are less because you pay less interest.
  • Graduated Repayment Plan: Payments start out low and increase during the loan period.- usually every two years. This is a good option if your income is low when you graduate but will increase quickly.
  • Extended Repayment Plan: Allows you to stretch your repayment over a period of up to 25 years depending on your loan amount. To be eligible for this program you must have an outstanding balance of over $30000.
  • Income Based Repayment Plan: As your income increase or decrease so do your monthly payments. The amount of your payment is refigured every year based on your annual income, household size and loan amount.


For more information on federal student loan repayment, please visit: https://studentaid.ed.gov/sa/repay-loans/understand/plans

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