Allows borrowers to extend their standard or graduated repayment plan for up to 25 years.

A schedule of equal payments over the life of the loan.

Allows borrowers to begin repaying their loan(s) at a lower payment amount than normal, increasing every two years.

Required monthly payments are determined by annual gross income (AGI) and the poverty level associated with a borrower’s family size and state of residence.

Monthly payments are adjusted annually to reflect changes in income, based on the borrower’s total monthly income and total student loan debt.