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

  • Standard
  • Extended
  • Graduated
  • Income-Based (IBR)
  • Income-Contingent (ICR)
  • President Obama’s Pay As You Earn Plan

Perkins Loans & Private Loans

If you have a Perkins Loan or a private loan, your repayment options will differ, but may be similar. You can find your repayment terms for these loans on the promissory note you signed when you took out the loan.

Requirements & Terms

Each plan differs in terms of requirements, time you have to pay off the loans, amount of your monthly payments and total interest you’ll pay. Review the information below to better understand your repayment plan options.