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Reduce Your Payments

Having difficulty making your monthly loan payments? Changing your repayment plan allows you to reduce your monthly payments without penalty.

Examine your financial situation carefully to make sure you are using the repayment plan that best meets your ability to pay.

If your repayment plan is… Then your monthly payment is…
Standard The same throughout the life of the loan (minimum = $50)
Graduated Less now, more later
Income-Sensitive Based on your income
Income-Based (IBR) Based on your income and family size
25-Year Extended Reduced, but you must pay for a longer amount of time

Estimate Your Payments

Curious how much your bill could be if you changed your repayment plan? Use the Repayment Estimator on YouCanDealWithIt.com to determine what repayment plan may best fit your needs.

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