Published: 2026-08-15
This article provides general information for reference purposes only and does not constitute professional legal, tax, medical, or financial advice. Rules and programs may change. Always verify current details with official sources or consult a qualified professional.
What repayment plans are available?
Federal student loans offer several repayment plans: Standard (fixed payments over 10 years), Graduated (payments start low and increase), Extended (up to 25 years), and Income-Driven Repayment (IDR) plans that base payments on your income.
What is income-driven repayment?
Income-driven repayment plans cap your monthly payment at a percentage of your discretionary income. After 20-25 years of qualifying payments, any remaining balance is forgiven. These plans are helpful if you have high debt relative to income.
How do I choose a plan?
Consider your income, debt amount, and financial goals. Use the loan simulator on StudentAid.gov to compare plans. You can change plans at any time, so choose one that fits your current situation.