I can assist you with that. The Graduated Repayment Plan allows you to start your loan with smaller payments that will increase every two years. You will make these payments for up to 10 years, depending on the amount of your loan.
Are you considered low income right now, but expect your income to increase over time?
No, I'm not considered low income.
Do the payments differ for someone with a direct consolidation loan?
Yes. The length of your repayment period will depend on the amount of your total education loan debt.
What is the Loan Simulator?
The loan simulator allows you to get an estimate of your payment amount. Be aware that this is just an estimate and you should contact your loan servicer to figure out the best loan repayment plan for you.
What type of loans are eligible for the Graduated Repayment Plan?
Loans taken under the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan Program are eligible for this plan.
Where can I find more information on eligible federal loans?