What repayment plans are available for student loans?

Great Lakes Higher Education Corp. offers various repayment plans for student loans. These plans are designed to provide flexibility and assist borrowers in managing their loan payments effectively. The available repayment options include Standard Repayment, which allows borrowers to pay a fixed monthly amount over a specific period. There is also Graduated Repayment, where payments start off lower and gradually increase over time. Income-Driven Repayment plans offer payments based on the borrower's income, ensuring affordability. Borrowers may also opt for Extended Repayment, which extends the repayment period to lower monthly payments. Forgiveness programs, such as Public Service Loan Forgiveness, are also available for eligible borrowers. Great Lakes Higher Education Corp. understands that each individual's financial circumstances vary and aims to provide suitable repayment plans to meet their needs.