Can I change my repayment plan?

Yes, you can change your repayment plan with FedLoan Servicing. They offer several options to suit your financial situation. You can switch from a standard repayment plan to an income-driven repayment plan, which adjusts your monthly payments based on your income and family size. Similarly, if you are already on an income-driven plan, you can request a change in your plan. Additionally, if you are struggling to make payments, you can explore options like deferment or forbearance. To change your repayment plan, you need to submit a request online or complete the necessary paperwork and mail it to FedLoan Servicing. It's important to carefully review and understand the terms and implications of your new repayment plan before making any changes.