Repayment Options
Forbearance | A period of time during which the lender may reduce of suspend your regular payments. |
Standard Repayment Plan | The monthly payments remain the same until the loan is repaid in full. |
Graduate Repayment Plan | Payment begins with low payments that gradually increase over time. |
Income-Sensitive Repayment | Payments are based on your income. |
Extended Repayment Plan | Payments are based on standard or graduated repayment plan which cannot exceed 25 years. |