Yes the Graduated Repayment Plan starts with lower payments that increase every two years, and payments are made for up to 10 years between 10 and 30 years for consolidation loans.
Are you in a low paying job?
Yes and I was worried about being hampered by huge debt repayment.
Well if your income is low now but you expect it to increase steadily over time, this plan may be right for you.
Are all Federal Student Aid eligible for this graduated repayment?
A list of loans from the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan FFEL Program which are eligible for the Graduated Repayment Plan can be found here.
Does the list include the Direct Subsidized Loans?
Yes it is eligible.
How often must I make a payment my loan?
You must make monthly payments.
Are there criteria for the amount that I must pay?