Federal student loans offer several repayment plans, including income-driven options, plus deferment and forbearance in some situations.
1. Key points
- Your loan servicer handles billing and plan changes; StudentAid.gov shows who it is.
- Income-driven plans tie payments to income and family size.
- Missing payments can lead to delinquency and default.
- Beware of companies charging fees for free federal help.
2. Loan Simulator
StudentAid.gov's Loan Simulator compares plans using your actual loan data.
See also
- FAFSA Basics — The FAFSA (Free Application for Federal Student Aid) is the form U.S. students fill out t…
References
- official Repaying Your Loans — Federal Student Aid, U.S. Department of Education
- official Loan Simulator — Federal Student Aid, U.S. Department of Education
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