post

Types of student loan repayment plans

Need to start repaying your student loans? According to Get Rich Slowly, one of your steps is to pick a repayment plan:

  • Graduated repayment plans
  • Extended repayment plans
  • Income-based repayment
  • Pay as you earn, or PAYE
  • Income-contingent and income-sensitive plans

The article gives more info on the different types of repayment plans and also directs you to a handy tool to help you choose:

The Federal Student Aid repayment estimator can help you determine eligibility and projected monthly payments before you contact your servicer to ask to be put on a plan.

Check out the article for more handy tips.

* * *

Source: How to start paying student loans – best practices guide

About Sandra

Sandra Fernandez is a social media and public relations consultant, tech enthusiast, book lover, and blogger. You can find her main blog at SandraSays.com and more of her writing at HispanicHouston.com.

Follow her on Twitter, subscribe to her Facebook posts, or circle her on Google+.

Leave a Reply

%d bloggers like this: