Repayment Plan
Eligible Loans
Monthly Payment and
Time Frame
Quick Comparison
Standard Repayment Plan
- Direct Subsidized and Unsubsidized Loans
- Subsidized and Unsubsidized Federal Stafford Loans
- all PLUS loans
Payments are a fixed amount of at least $50 per month.
Up to 10 years
You'll pay less interest for your loan over time under this plan than you would under other plans.
Graduated Repayment Plan
- Direct Subsidized and Unsubsidized Loans
- Subsidized and Unsubsidized Federal Stafford Loans
- all PLUS loans
Payments are lower at first and then increase, usually every two years.
Up to 10 years
You'll pay more for your loan over time than under the 10-year standard plan.
Extended Repayment Plan
- Direct Subsidized and Unsubsidized Loans
- Subsidized and Unsubsidized Federal Stafford Loans
- all PLUS loans
Payments may be fixed or graduated.
Up to 25 years
- Your monthly payments would be lower than the 10-year standard plan.
- If you are a
- Direct Loan borrower, you must have more than $30,000 in outstanding Direct Loans.
- FFEL borrower, you must have more than $30,000 in outstanding FFEL Program loans.
For example, if you have $35,000 in outstanding FFEL Program loans, and $10,000 in Direct Loans, you can use the extended repayment plan for your FFEL Program loans, but not for your Direct Loans.
- For both programs, you must also be a "new borrower" as of Oct. 7, 1998.
- You'll pay more for your loan over time than under the 10-year standard plan.
Income-Based Repayment Plan (IBR)
- Direct Subsidized and Unsubsidized Loans
- Subsidized and Unsubsidized Federal Stafford Loans
- all PLUS loans made to students
- Consolidation Loans (Direct or FFEL) that do not include Direct or FFEL PLUS loans made to parents
- Your maximum monthly payments will be 15 percent of discretionary income, the difference between your adjusted gross income and 150 percent of the poverty guideline for your family size and state of residence (other conditions apply).
- Your payments change as your income changes.
Up to 25 years
- You must have a partial financial hardship.
- Your monthly payments will be lower than payments under the 10-year standard plan.
- You'll pay more for your loan over time than you would under the 10-year standard plan.
- If you have not repaid your loan in full after making the equivalent of 25 years of qualifying monthly payments, any outstanding balance on your loan will be forgiven.
- You may have to pay income tax on any amount that is forgiven.
Pay As You Earn Repayment Plan
- Direct Subsidized and Unsubsidized Loans
- Direct PLUS loans made to students
- Direct Consolidation Loans that do not include (Direct or FFEL) PLUS loans made to parents
- Your maximum monthly payments will be 10 percent of discretionary income, the difference between your adjusted gross income and 150 percent of the poverty guideline for your family size and state of residence (other conditions apply).
- Your payments change as your income changes.
Up to 20 years
- You must be a new borrower on or after Oct. 1, 2007, and must have received a disbursement of a Direct Loan on or after Oct. 1, 2011.
- You must have a partial financial hardship.
- Your monthly payments will be lower than payments under the 10-year standard plan.
- You'll pay more for your loan over time than you would under the 10-year standard plan.
- If you have not repaid your loan in full after you made the equivalent of 20 years of qualifying monthly payments, any outstanding balance on your loan will be forgiven.
- You may have to pay income tax on any amount that is forgiven.
Income-Contingent Repayment Plan
- Direct Subsidized and Unsubsidized Loans
- Direct PLUS Loans made to students
- Direct Consolidation Loans
- Payments are calculated each year and are based on your adjusted gross income, family size, and the total amount of your Direct Loans.
- Your payments change as your income changes.
Up to 25 years
- You'll pay more for your loan over time than under the 10-year standard plan.
- If you do not repay your loan after making the equivalent of 25 years of qualifying monthly payments, the unpaid portion will be forgiven.
- You may have to pay income tax on the amount that is forgiven.
Income-Sensitive Repayment Plan
- Subsidized and Unsubsidized Federal Stafford Loans
- FFEL PLUS Loans
- FFEL Consolidation Loans
- Your monthly payment is based on annual income.
- Your payments change as your income changes.
Up to 10 years
- You'll pay more for your loan over time than you would under the 10-year standard plan.
- Each lender's formula for determining the monthly payment amount under this plan can vary.
Repayment Plans | Federal Student Aid
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About Aspire Resources Inc. Aspire Resources Inc. provides service for borrowers with federal student loans under the Federal Family Education Loan Program (FFELP
Glossary Direct Loan. A federal student loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students and parents borrow directly
Income-Driven Plans | Federal Student Aid
Income-driven repayment plans set your monthly federal student loan payment at an amount intended to be affordable based on your income and family size.
FinAid | Loans | Repayment Plans
There are four main repayment plans for Federal education loans All six plans are available for student loans, Repayment Plan and Loan Term
Direct Loan Repayment Plans - US Department of Education
The Direct Loan Program offers loan repayment plans or the Federal Student Aid student loans under a 10-year standard repayment plan is
Loan Repayment Basics | Federal Student Aid - Financial ...
Understand the federal student loan repayment process so you can about federal student aid; their options and responsibilities as student loan
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FedLoan Servicing
FedLoan Servicing provides customer service to student loan borrowers whose loan your student loans, know your repayment options, your federal student loan.
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