The Traditional Payment Plan allows you to make monthly payments toward your student account via che 2025

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The Extended Repayment Plan allows you to repay your loans over an extended period of time. Payments are made for up to 25 years.
An income-driven repayment (IDR) plan can reduce your monthly payment to as low as $0. Use the Education Departments Loan Simulator to choose the right plan for you. IDR plans require you to renew your paperwork every year. To be safe, set a reminder for a month early.
Compare IDR Plans Repayment Plan% of Discretionary IncomeRepayment Period (in years) PAYE Plan 10% 20 IBR Plan (first borrowed after July 1, 2014) 10% 20 IBR Plan (borrowed before July 1, 2014) 15% 25 ICR Plan 20% 251 more row
Lower earners are better off on plan 2 due to the higher repayment threshold. Higher earners are better off on plan 1 as they actually pay it off swiftly (eg 15 years).
Thus, if a borrower expects his or her income to increase or expects to get married, IBR usually will cost less than REPAYE. REPAYE also increases the repayment term from 20 to 25 years for borrowers who go to graduate or professional school, leading to a substantial increase in the total cost of the loan.
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The Standard Repayment Plan is the basic repayment plan for loans from the William D. Ford Federal Direct Loan (Direct Loan) Program and Federal Family Education Loan (FFEL) Program. Payments are fixed and made for up to 10 years (between 10 and 30 years for Consolidation Loans).
Best repayment option: standard repayment. On the standard student loan repayment plan, you make equal monthly payments for 10 years. If you can afford the standard plan, youll pay less in interest and pay off your loans faster than you would on other federal repayment plans.

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