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Repayment Options
| Repayment Plan | Eligible Loans | Monthly Payment and Time Frame | Quick Comparison |
| Standard Repayment | Direct Subsidized and Unsubsidized Loans Direct Parent PLUS Loans |
Fixed payments, at $50 per month Up to 10 years |
Pay less interest over time |
| Graduated Repayment | Direct Subsidized and Unsubsidized Loans Direct Parent PLUS Loans |
Graduated payments, begin lower and increase, usually every two years Up to 10 years |
Pay more interest over time than standard plan |
| Extended Repayment | Direct Subsidized and Unsubsidized Loans Direct Parent PLUS Loans | Payments may be fixed or graduated. Must have more than $30,000 in Direct or Parent PLUS loans Up to 25 years | Monthly payments are lower than the standard plan |
| Income-Based Repayment (IBR) | Direct Subsidized and Unsubsidized Loans | Maximum monthly payments are 15% of discretionary income; payments change as income changes Up to 25 years | Monthly payments are lower than standard plan; Pay more interest over time than standard plan; After 25 years of monthly payments, the unpaid portion will be forgiven |
| Pay As You Earn Repayment | Direct Subsidized and Unsubsidized Loans | Maximum monthly payments will be 10% of discretionary income; payments change as income changes Up to 20 years | Monthly payments are lower than standard plan; Pay more interest over time than standard plan; After 20 years of monthly payments, the unpaid portion will be forgiven |
| Income-Contingent Repayment | Direct Subsidized and Unsubsidized Loans | Payments are calculated each year and are based on your adjusted gross income, family size, and the total amount of your Direct Loans; Payments changes as income changes Up to 25 years | Monthly payments are lower than standard plan; pay more interest over time than standard plan; after 20 years of monthly payment, the unpaid portion will be forgiven |
| Income-Sensitive Repayment | Direct Subsidized and Unsubsidized Loans | Monthly payment is based on annual income; payments change as your income changes Up to 10 years | Monthly payments are lower than standard plan; Each lender formula for determining the monthly payment amount under this plan can vary. |
| Revised Pay As You Earn (REPAYE) Repayment | Direct Subsidized and Unsubsidized Loans | Maximum monthly payments will be 10% of discretionary income; payments change as income changes Up to 20 years | Monthly payments are lower than standard plan; Pay more interest over time than standard plan; After 20 years of monthly payments, the unpaid portion will be forgiven; *amount forgiven may be subject to federal income tax* |