Unforeseen circumstances can sometimes make it difficult for borrowers to repay their loans, but there are options that assist loan borrowers who may struggle during repayment.
Default generally occurs on a federal student loan when a borrower does not make payment in agreement with their Master Promissory Note (MPN) and may lead to a damaged credit score, garnished wages, litigation, and ineligibility for additional student aid.
Choose the repayment plan that's right for you. For detailed information regarding repayment information and/or plans, please click the applicable heading below:
- Making Payments
- Loan Servicers
- Loan Consolidation
- Deferment and Forbearance
- Forgiveness, Cancellation, and Discharge
- Understanding Default
- Resolving Disputes
- Standard Repayment
- Extended Repayment
- Graduated Repayment
- Income Based Repayment
- Income Contingent Repayment (Direct Loans only)
- Income Sensitive Repayment (FFEL Loans only)