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Reduce Your Payments

Having difficulty making your monthly loan payments? Changing your repayment plan allows you to reduce your monthly payments without penalty.

Examine your financial situation carefully to make sure you are using the repayment plan that best meets your ability to pay.

Federal Loans

If your repayment plan is… Then your monthly payment is…
Standard The same throughout the life of the loan (minimum = $50)
Graduated Less now, more later
Income-Sensitive Based on your income
Income-Based (IBR) Based on your income and family size
25-Year Extended Reduced, but you must pay for a longer amount of time

Alternative (Private) Loans

Explore repayment plan options for your alternative (private) loans, or contact us to discuss the options available to you.