Student Loan Repayment Plans
If you’re paying off student loans, you are one of nearly 37 million borrowers with outstanding student debt. If you’re consolidating your student loans through the U.S. government, there are several repayment plan options, including some that give you a maximum of 25 years to pay off your student debt, while others are tailored to your income and family size.
Types of Repayment Plans
- Income-Based (IBR)
- Income-Contingent (ICR)
- President Obama’s Pay As You Earn Plan