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REPAYING YOUR LOAN
You have a choice of repayment plans if you received a FFEL or a
Direct Loan. Federal Perkins Loans don't have repayment plan choices;
you generally have up to 10 years to repay, however. Your monthly
payment will depend on the size of your debt and the length of your
repayment period. Repaying Your Student Loans from the U.S. Department of Education explains available repayment options, includes examples of monthly payments for different loan amounts, and covers other topics you need to consider when managing your loans.
Click here to use the Federal Student Aid calculator to determine your repayment amounts under each of the different repayment plans.
Note to parents: Generally, Direct PLUS Loan borrowers can choose all but the Income Contingent Repayment Plan. FFEL PLUS Loan borrowers usually can choose from among all the FFEL repayment plans. See Repaying Your Student Loans and contact your loan holder for details.
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