Learn how to reduce your monthly student loan payments For a fixed-rate federal loan in standard repayment, the monthly payment will remain constant for the life of the loan.
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Repayment Options

When you take advantage of student loans debt consolidation, you might have questions about your repayment options. Check out our quick guide to make sure you know what options are available to you.

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  • Standard repayment. This is the usual repayment period on a federal student loan. For a fixed-rate federal loan in standard repayment, the monthly payment will remain constant for the life of the loan.
  • Extended repayment. This is an option you can use when you take advantage of student loans debt consolidation or as part of your regular federal loan borrower benefits. This plan allows borrowers to extend their repayment period to up to 25 years in order to reduce monthly payments. Extended repayment is available for borrowers with over $30,000 in federal student loans that were received on or after October 7, 1998.
  • Income-sensitive repayment. This plan bases your monthly payment on your monthly income. The monthly payment must at least be enough to cover the monthly interest. Borrowers must submit income documentation in order to qualify, and you must re-qualify every year.
  • Graduated repayment. Most federal loans and some Student Loans Debt Consolidation programs offer graduated repayment. With this plan, you start with a lower monthly payment, which gradually increases over the repayment term. Usually, the repayment amount increases every two years and must be at least enough to cover interest expenses.