If you’re struggling with student loan payments and feel like you’re stuck with a monthly payment that you cannot make, don’t fret! There are tons of options available for student loan borrowers. Even though you may have selected or were … [Read more...] about 2024 UPDATED: Student Loan Repayment Plan Comparison
Standard Repayment Plans
Graduated Repayment Plan
The Graduated Repayment plan is a repayment plan for student loan borrowers to repay loans made under the Federal Direct Loan Program and the Federal Family Education Loan Program. This plan is structured around providing borrowers with a low … [Read more...] about Graduated Repayment Plan
Income-Sensitive Repayment Plan
The Income-Sensitive Repayment Plan is a student loan repayment plan that is offered to student loan borrowers through the Department of Education. This plan is another income-driven repayment option available that is similar to the Income … [Read more...] about Income-Sensitive Repayment Plan
Standard Repayment Plan
The Standard Repayment plan is the basic repayment plan for student loan borrowers to repay loans made under the Federal Direct Loan Program and the Federal Family Education Loan Program. A student loan borrower receives a 6-month grace period … [Read more...] about Standard Repayment Plan
Extended Repayment Plan
The Extended Repayment Plan is a student loan repayment plan that is offered to student loan borrowers through the Department of Education. The Extended Repayment Plan assists borrowers that can’t afford a Standard Repayment Plan by giving them a … [Read more...] about Extended Repayment Plan
Repayment Plans Could Cost Student Loan Borrowers More
Repayment Plans Could Cost Student Loan Borrowers More Repayment plans such as the Income-Driven program help alleviate the pressure for struggling borrowers trying to pay back their student loan debt. But several policy experts affirm that the … [Read more...] about Repayment Plans Could Cost Student Loan Borrowers More
