Allow me to assist you with that. Under the Graduated Repayment Plan, payments start low and increase every two years. These payments will be made for up to 10 years.
Are you considered low income, but expect your income to increase over time?
Yes. I'll be making more money later on.
Great. This plan could be right for you.
Are FFEL Consolidation Loans eligible for this plan?
Yes, they are.
What other loans are eligible?
Most loans from the William D. Ford Federal Direct Loan Program and the FFEL Program are eligible for this plan.
Can I use the loan simulator to estimate my payments under the Graduated Repayment Plan?
Absolutely. We recommend that you use our loan simulator before you contact your loan servicer.
How will my payments differ with a FFEL Consolidation Loan?