Generally you know the exact amount and when it is due. These are generally the most negotiable expenses and those that can be adjusted with the most ease. Timing when your payments are to be made at the time in which you will be receiving income is part of responsible cash management. Your eligibility may be determined by the order in which you apply. The student makes reduced payments in the early years of repayment and still pays off the loan within the standard 10 year repayment term.
Payments are a percentage of the borrower's monthly gross income.
Prepaying can greatly reduce the total cost of your loan.