The payments under the Income-Sensitive Repayment Plan can increase or decrease based on your income.
What if I need to make lower payments on my FFEL Program loan because my hours have been cut?
It sounds like the Income-Sensitive Repayment Plan is right for you.
Do you know what FFEL Program Loans are eligible?
The subsidized and unsubsidized Federal Stafford Loans, FFEL PLUS loans, and FFEL Consolidation Loans are all available for Income-Sensitive Repayment Plan.
What if I have an FFEL Program loan owned by the US Department of Education?
You should contact your loan servicer.
What would my monthly payments look like under this Income-Sensitive Repayment plan?
Under this plan your monthly payments will increase or decrease based on your annual income and are made for a maximum of 10 years.
Do you have an FFEL Program loan owned by the US Department of Education?