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Fixed payment repayment plans include the Standard Repayment Plan, the Graduated Repayment Plan, and the Extended Repayment Plan. These plans determine your monthly payment amount based on your total loan balance, interest rates, and a set repayment period.

Standard Repayment Plan

With the standard repayment plan, you pay a fixed amount each month until your loans are paid in full for up to 10 years (up to 30 years for Consolidation Loans). 

Monthly Payments:

• Fixed monthly payment that ensures your loans are paid off within 10 years (up to 30 years for Consolidation Loans).

Eligibility Requirements

• Direct Subsidized and Unsubsidized Loans
• Subsidized and Unsubsidized Federal Stafford Loans
• All PLUS Loans (Direct or FFEL)
• All Consolidation Loans (Direct or FFEL)

Other Considerations

• Your loans will automatically be placed on the Standard Repayment Plan unless you decide to choose and qualify for another repayment plan.
• This plan works best for someone who has a steady monthly income and can afford the standard payment.
• As this plan allows you to pay your loan in full within the 10-year period (up to 30 years for Consolidation Loans), payments may be higher than it would be for other plans because your loans would be paid in the shortest amount of time. For that reason, you may pay the least in overall interest.

Graduated Repayment Plan

With the graduated repayment plan, your payments start out lower and gradually increase every two years until your loans are paid in full for up to 10 years (up 30 years for Consolidation Loans).

Monthly Payments:

• Payments start low and increase, usually every two years.
• Ensures your loans are repaid within 10 years (up to 30 years for Consolidation Loans)

Eligibility Requirements

• Direct Subsidized and Unsubsidized Loans
• Subsidized and Unsubsidized Federal Stafford Loans
• All PLUS Loans (Direct or FFEL)
• All Consolidation Loans (Direct or FFEL)

Other Considerations

• This plan is works well for borrowers with a low income who anticipate an increase over time.
• Increases in payment every two years can be significant.
• You may pay more interest over the life of the loan due to lower initial payments.

Extended Repayment Plan

With the Extended Repayment Plan, you must have more than $30,000 in outstanding Direct Loans.

Monthly Payments:

• Payments can be fixed or graduated.
• Ensures your loans are paid fully within 25 years.

Eligibility Requirements:

• Direct Subsidized and Unsubsidized Loans
• Subsidized and Unsubsidized Federal Stafford Loans
• All PLUS Loans (Direct or FFEL)
• All Consolidation Loans

Other Considerations

• Your monthly payment will be lower that the Standard or Graduated Repayment.
• You will pay more in interest over the life of the loan due to the longer repayment term.
• This is not a qualifying repayment plan for Public Service Loan Forgiveness (PSLF).

Income-driven repayment (IDR) plans include Income-Based Repayment (IBR) Plan, Income-Contingent Repayment (ICR) Plan, Pay As You Earn (PAYE) Plan, Saving on a Valuable Education (SAVE) Plan. 

IDR repayment plans base your monthly payment on your income and family size. You must certify your income and family size with your loan servicer annually and your servicer will calculate your monthly payment amount.

Income Based Repayment (IBR) Plan

With the Income-Based Repayment (IBR) plan, monthly payments are generally equal to 15% of your discretionary income (10% if you are a new borrower).  The remaining balance after 25 years can be forgiven (but the forgiven amount will be taxable).

To initially qualify for this plan and to continue to make income-based payments under this plan, you must have a partial financial hardship, which means that your calculated payment amount under IBR must be less than what you would pay under the Standard Repayment Plan with a 10-year repayment period.

Monthly Payments:

• Payments can be either 10% or 15% of your discretionary income but never more than what you would pay under the 10-year Standard Repayment Plan

Eligibility Requirements:

• Direct Subsidized and Unsubsidized Loans
• Subsidized and Unsubsidized Federal Stafford Loans
• Direct and FFEL PLUS Loansmade to students
• Direct or FFEL Consolidation Loans that do not include PLUS Loans (Direct or FFEL) made to parents.

Other Considerations:

• Payments will be lower, but you鈥檒l pay more in interest because you鈥檙e taking longer to repay your loans.
• Under the Healthcare and Education and Reconciliation act of 2010, anyone who qualifies for IBR and has a new loan in 2012 but none older than 2008, their IBR payment amount will be based on 10% of your discretionary income rather than 15%. 
• You must reapply every year.

Income-Contingent Repayment (ICR) Plan

Income-Contingent Repayment Plans base the monthly payments on the borrower鈥檚 income and family size, as well as the total loan amount..

Monthly Payments:

• Payment can be 20% of your discretionary income but never more than what you would pay on a fixed payment plan over 12 years, adjusted to your income.

Eligibility Requirements:

• Direct Subsidized and Unsubsidized Loans
• Direct PLUS Loans made to students
• Direct Consolidation Loans (including loans that repaid parent PLUS Loans)

Other Considerations

• Payments may be lower (or they could be higher than the Standard Plan amount), but you鈥檒l often pay more in interest because you鈥檙e taking longer to repay your loans.
• This plan is designed to help borrowers with unmanageable payments relative to their income.

Pay As You Earn (PAYE) Plan

Pay as you Earn Plan is an income-driven repayment plan where monthly payments are based on a percentage of your discretionary income.

To initially qualify for this plan, you must be a new borrower on or after October 1, 2007 and must have received a direct loan disbursement on or after October 1, 2011.

Monthly Payments:

• Can be 10% of your discretionary income but never more than what you would pay under the 10-year Standard Repayment Plan.

Eligibility Requirements:

• Direct Subsidized and Unsubsidized Loans
• Direct PLUS Loans made to students
• Direct Consolidation Loans that do not include PLUS (Direct or FFEL) made to parents

Other Considerations:

• Payments will be lower, but you鈥檒l pay more in interest because you鈥檙e taking longer to repay your loans.

Saving on a Valuable Education (SAVE) Plan

A federal court issued an injunction preventing the U.S. Department of Education from implementing parts of the Saving on a Valuable Education (SAVE) Plan and other IDR plans, including鈥攆or example鈥擲AVE鈥檚 monthly payment formula and loan forgiveness under the SAVE, PAYE, and ICR Plans. Refer to   for more information.

With the SAVE Plan, your payments are limited to 10% of your discretionary income. Payments are recalculated annually based on your income and family size. May be eligible for loan forgiveness after 20 years for undergraduate loans and 25 years for graduate loans.

Eligibility Requirements:

• Direct Subsidized and Unsubsidized Loans
• Direct PLUS Loans made to students Direct Consolidation Loans that do not include PLUS Loans (Direct or FFEL) made to parents

Monthly Payments:

• Limited to 10% of your discretionary income
• Payment amount is recalculated annually

Other Considerations

• You will usually pay more over time than under the Standard Repayment Plan.
• You may be responsible to pay income tax on loan forgiveness.

Public Service Forgiveness

This program will forgive any remaining student loan debt after 10 years of payments for people who work in qualifying public service positions. Qualifying positions may include: military service, public safety, public education, social work, public defenders and more.

To be eligible you must have made 120 monthly payments on or after October 1, 2007 in the Direct Loan Program. You must also be employed in a public service job during the time the qualifying payments are made and at the time the loan is forgiven. For additional information, visit .

Direct Loan Forgiveness for Teachers

This program is intended to encourage individuals to enter and continue working in the teaching profession. Individuals who teach full time for five consecutive, complete academic years in elementary or secondary schools serving low-income students and meet other qualifications may be eligible for up to $17,500 of forgiveness. For additional information, visit .

Federal Employee Student Loan Program

The federal student loan repayment program permits federal agencies to repay federal student loans as a recruitment or retention incentive for candidates or current employees of the federal agency. For additional information, visit .

Rural Opportunity Zones

Rural Opportunity Zones are 50 counties that have been authorized to offer one or both of the following financial incentives to new full-time residents:

• Kansas income tax waivers for up to five years
• Student loan repayments up to $15,000

1. Know who and how much you owe: You can find all of your outstanding federal loans by visiting . The National Student Loan Data System (NSLDS) tracks your federal loans until they are paid in full. For information on private loans borrowed for educational purposes, you may obtain a free copy of your credit report at .
2. You can change your repayment plan at any time by contacting your loan servicer.
3. Notify your loan servicer if your name, address, or telephone number changes to ensure you receive timely communications.
4. If you are in school at least part-time, unemployed, in the military or meet other eligibility criteria, you may be eligible to postpone your payments for a period of time by applying for a deferment.
5. If you do not qualify for a deferment, you may be eligible to request a forbearance. Forbearance may temporarily lower or suspend your loan payments. Forbearance is allowed based on the discretion of your lender/loan servicer.

Direct loan consolidation allows borrowers to combine multiple federal student loans into one loan. This results in one single monthly payment with one loan holder. This option would often be best for borrowers who are looking for monthly payment relief and who would not qualify for the Income-Based Repayment Plan. For more information, to apply for consolidation, visit

Other Considerations:

• The overall total cost of repayment could significantly increase.
• You could lose borrower benefits offered under repayment plans for the original loans.