Repayment Options: The Federal Direct Loan program offers four repayment options.

1. The Standard Plan allows monthly payments of the same amount (at least $50) with up to ten years to repay.
2. The Extended Plan allows a longer repayment period (up to 30 years) for students who have more than $30,000 in outstanding loans.
3. The Graduated Plan allows payments to start at one level, then increase gradually.  The repayment period varies.
4. The Income Contingent Plan offers flexibility without causing financial hardship. In this option, the monthly payment is calculated on the basis of your annual adjusted gross income and the total amount of your Federal Direct Student Loans.

Questions about Federal Direct Loan repayment can be answered by Borrower Services: