Choose the federal student loan repayment plan that s best for you. 
To make your payments more affordable , repayment plans can give you more time to repay your loans or can be based on your income. Although you may select or be assigned a repayment plan when you first begin repaying your student loan , you can change repayment plans at any time for free. Contact your loan servicer if you would like to discuss repayment plan options or change your repayment plan. You can get information about all of the federal student loans you have received and find the loan servicer for your loans by logging in to " My Federal Student Aid. " 

Use Loan Simulator 
Before you contact your loan servicer to discuss repayment plans , you can use our Loan Simulator to get an early look at which plans you may be eligible for and see estimates for how much you would pay monthly and overall. 

Repay Your Direct Loans and Federal Family Education Loan (FFEL) Program Loans 


Repay Your Federal Perkins Loan 
Perkins Loan repayment plan options are not the same as those for Direct Loan Program or FFEL Program loans. Check with your school for more information on Perkins Loan repayment plans. 

Consolidate Your Loans 
If you have multiple federal student loans , you can consolidate them into a single Direct Consolidation Loan. This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make. There may be tradeoffs, however , so you'll want to learn about the advantages and possible disadvantages of loan consolidation before you consolidate. 

user: Hello, I have some questions about my student loan plan. Perhaps you can help me with that.

assistant: Of course. Do you want to make your payments more affordable?

user: That would be nice, yes.

assistant: Then you should know that repayment plans can give you more time to repay your loans or can be based on your income.

user: I understand that. What if I want to change my repayment plan, though?

assistant: Contact your loan servicer if you would like to discuss repayment plan options or change your repayment plan. You can get information about all of the federal student loans you have received and find the loan servicer for your loans by logging in to "My Federal Student Aid".

user: So if, for example, I am given a repayment plan, I can simply change it to another?

assistant: Correct. Although you may select or be assigned a repayment plan when you first begin repaying your student loan, you can change repayment plans at any time for free.

user: How does repaying a federal perkins loan work?

assistant: Perkins Loan repayment plan options are not the same as those for Direct Loan Program or FFEL Program loans. Check with your school for more information on Perkins Loan repayment plans.

user: That's good to know, thanks. So what if I have multiple federal student loans? How can I consolidate then?

assistant: In that case you can consolidate them into a single Direct Consolidation Loan. This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make.