Fully Deferred Repayment
Postpone all repayment up to 66 months, or until the student graduates or drops below half-time enrollment.
Interest Only Repayment
Only pay the interest on the loan while the student is enrolled at least half-time, postponing payments on the principal balance for up to 66 months.
Immediate Repayment
Start making full monthly payments on the principal and interest once the loan is fully disbursed.
Extended Repayment
Allows borrowers to extend their standard or graduated repayment plan for up to 25 years.
Graduated Repayment
Allows borrowers to begin repaying their loan(s) at a lower payment amount than normal, increasing every two years.
Income-Based Repayment
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.
Income-Sensitive Repayment
Monthly payments are adjusted annually to reflect changes in income, based on the borrower’s total monthly income and total student loan debt.