What are my repayment options?

FedLoan Servicing offers a variety of repayment options to accommodate diverse financial situations. As a borrower, you can choose from various plans such as the Standard Repayment Plan, which provides fixed monthly payments over a ten-year period. Alternatively, you may opt for an Extended Repayment Plan, allowing you to extend the repayment period up to 25 years. Graduated Repayment Plan entails lower initial payments that gradually increase every two years. There are also income-driven plans, including Income-Based Repayment, Pay As You Earn, and Revised Pay As You Earn. These options base your monthly payments on your income and family size. If you experience financial hardship, you may qualify for a deferment or forbearance, allowing temporary pause or reduction in payments. FedLoan Servicing strives to provide repayment flexibility that suits your circumstances.