Most borrowers are placed in a standard repayment plan with fixed payments over a 10-year period, but there are other repayment options, including:
Graduated Repayment Plan
Extended Repayment Plan
Revised Pay As You Earn Repayment Plan (REPAYE)
Pay As You Earn Repayment Plan (PAYE)
Income-Based Repayment Plan (IBR)
Income-Contingent Repayment Plan (ICR)
Income-Sensitive Repayment Plan (ISR)
To determine which is best for your specific situation, we strongly recommend speaking with a MoneySolver student loan advisor.