Student Loan Repayment Options
If you are struggling to repay federal student loans, there are a variety or repayment options available to you. For instance, you can stick with the standard plan (ten years), go with a graduated repayment plan (your payment starts low and increases over time), or get an extended repayment plan (you stretch the payments over more than ten years).
And if you are a low-wage earner, going through a financial hardship, or have a large amount of student loans, the federal government has even more flexible plans available for repaying federal student loans (these plans don't apply to private student loans). In these plans, your payment depends on your income.
Finally, you may be able to consolidate one or more loans to get a better interest rate or terms.
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How to Choose a Student Loan Repayment Plan
Get tips on how to find the best repayment plan for your federal student loans.
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Learn about the different plans for paying back federal student loans, including several plans that are based on your income.
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Tax Filing Status and Student Loan Payments
If you are married and have an IBR, ICR, or PAYE student loan payment plan, your tax filing status can affect the amount of your monthly student loan payment.
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What's the Difference Between Income Contingent Repayment Plans and Income Based Repayment Plans?
Compare and contrast three popular student loan repayment plans: income contingent, income based, and the new pay as you earn plan.
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Federal student loans and private student loans are very different.
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Repayment Options for Private Student Loans
If you have a private student loan, here are several things you should know about repayment options.
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Student Loan Consolidation: Federal Student Loans, Private Student Loans
If you are having trouble paying student loans, consider a consolidation loan.
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Federal Student Loan Consolidation: Pros and Cons
If you are considering consolidating your federal student loans, understand the advantages and disadvantages.
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Do I have to pay my student loans if I'm unemployed?
If you're unemployed, you might be able to get a temporary break from repaying your federal student loans through a deferment or forbearance.
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Can I get a deferment or forbearance if I can’t pay my federal Perkins Loan?
Learn about getting a deferment or forbearance if you have a federal Perkins Loan.
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