Direct Loans Repayment Plans

Payments are calculated each year and are based on your adjusted gross income family size and the total amount of your direct loans. The income based repayment plan for new borrowers. Manage loans federal student aid.

Postgraduate loan youre on a postgraduate loan repayment plan if youre.

Direct loans repayment plans. The pay as you earn plan. On the standard student loan repayment plan you make equal monthly payments for 10 years. The income contingent repayment plan is the last repayment plan you want to choose to repay your loans under. As a reminder there are 5 income driven repayment plans that is payment plans based on your income.

Payments change when your income chages. Eligibility to repay under the extended plan. If you can afford the standard plan youll pay less in interest and pay off your loans faster than you. Loan forgiven after 25.

Up to 25 years. An english or welsh student who took out a postgraduate masters loan on or after 1 august 2016. Below is a summary of these plans. You must have more than 30000 in direct loan debt.

Direct loan borrowers must have had no balance on a direct loan as of october 7 1998 or on the date you received a direct loan after october 7 1998. The revised pay as you earn plan. Federal direct loans dl have the most options for repayment. However pslf qualifying payments can also be made on a 10 year standard repayment plan or any other direct loan program repayment plan where the monthly payment is at least equal to the monthly payment amount that would have been required under the 10 year standard repayment plan.

Federal student aid. Direct graduate plus loans. Direct subsidized and unsubsidized loans. You can see what your payment would be under each plan by using this calculatorthe feds also have a calculator which you can find here.