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Repayment program overview for borrowers under the Federal Family Education Loan Program or William D. Ford Direct Loan Program.

Type of Repayment Plan
Eligible Loans
Payment Specifics
Comments
Standard Repayment
  • Fixed amount/$50 minimum
  • Up to 10 years
Graduated Repayment
  • Start low and increase roughly every 2 years
  • Up to 10 years
Extended Repayment
  • Payments fixed or graduated
  • Up to 25 years
Income-Based Repayment
  • Maximum payments will be 10% of discretionary income or the difference between your adjusted gross income and 150% of the poverty level (based on your state and family size)
  • Payments will change with your income
  • Up to 20 year for students who borrowed for undergraduate study and 25 years for student who borrowed for graduate study
  • REPAYE does not allow borrowers to cap their payments at the “standard” payment plan amounts if that amount is less than 10% of discretionary income
Revised Pay As You Earn
  • Maximum payments will be 10% of discretionary income or the difference between your adjusted gross income and 150% of the poverty level (based on your state and family size)
  • Payments will change with your income
  • Up to 20 years for students who borrowed for undergraduate study and 25 years for student who borrowed for graduate study
  • REPAYE does not allow borrowers to cap their payments at the “standard” payment plan amounts if that amount is less than 10% of discretionary income
Income-Contingent Repayment
  • Payments calculated annually based on your adjusted gross income, family size and total Direct Loan balance
  • Payments will change with your income
  • Up to 25 years
Income-Sensitive Repayment
  • Monthly payment based on annual income
  • Payments will change with your income
  • Up to 10 years

Repayment options for other loan programs.

Each of these loan programs has its own set of rules and options regarding repayment. Before making a selection, it can help to talk to an NFCC Certified Consumer Credit Counselor to understand how it might impact your finances or that of your family’s over time.

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit www.NFCC.org

Thank you to our funders.

The Sharpen Your Financial Focus™ program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit www.SharpenToday.org.

National Foundation for Credit Counseling
2000 M Street, NW
Suite 505
Washington, DC 20036

For NFCC Media Inquiries:
Bruce McClary
Vice President of Communications
Email: bmcclary@nfcc.org