Have you decided that an income-driven repayment plan is what you want to proceed with?
Yes, that is my choice
In that case, you will need to choose the plan that will provide the most benefits to you which are based on your own personal circumstances
What does it mean when it says that I must be a new borrower to qualify for the PAYE Plan?
This means that you must have had no outstanding balance on a Direct Loan or FFEL Program loan when you received a Direct Loan or FFEL Program loan on or after Oct. 1 , 2007 , and you must have received a disbursement of a Direct Loan on or after Oct. 1 , 2011
Okay, that's it. the direct loan is also something I'd like to know. Do we have the option of selecting a payment plan?
You have the option to choose a repayment plan. If you don’t choose a repayment plan your loan servicer places you on the Standard Repayment Plan.
should I just let them leave me on the standard plan?
The Standard Repayment Plan saves you money over time because your monthly payments may be slightly higher than payments made under other plans, but you will pay off your loan sooner. You end up paying the least amount of interest over the life of your loan.
can I use other loans to have you look at when you work out the repayments on a Direct Consolidation Loan?