The payments under the FFEL Program increase or decrease according to your annual income.
Do you need to make lower payments on your FFEL Program loans?
Yes, I need to make lower payments on my FFEL Program loan because my hours have been cut at my job.
Then the Income-Sensitive Repayment Plan might be right for you.
Are only FFEL Program loanseligible for Income-Sensitive Repayment Plan?
Yes, only FFEL Program Loans are eligible.
What if I have FFEL Program loans that are not owned by ED?
You should then contact your lender of the loans.
Which FFEL Program Loans are eligible?
There are several eligible such as Subsidized Federal Stafford Loans.
Are FFEL Consolidation Loans eligible for the income-sensitive payments?