Income-Sensitive Repayment Plan
| Repayment Type | Information | Eligible Loans | Monthly Payments | Quick Comparison |
|---|---|---|---|---|
| Income-Sensitive Repayment Plan |
This is available to low-income borrowers who have Federal Family Education Loan (FFEL) Program loans. --- The payments under this plan increase or decrease based on your annual income. |
Subsidized and Unsubsidized Federal Stafford Loans --- FFEL PLUS Loans --- FFEL Consolidation Loans |
Your monthly payment is based on annual income. --- Your payments change as your income changes. --- Payments are made for up to 10 years. |
You'll pay more for your loan over time than you would under the 10-year standard plan. --- Each lender's formula for determining the monthly payment amount under this plan can vary. |
