Important Announcements

On Dec. 9, 2025, the U.S. Department of Education announced a proposed settlement agreement that would end the Saving on a Valuable Education (SAVE) Plan. The settlement must be approved by the court before it can be implemented. Borrowers can use the Loan Simulator to begin exploring other repayment options. For more information, visit StudentAid.gov/courtactions.

On Oct. 30, 2025, the U.S. Department of Education published final Public Service Loan Forgiveness (PSLF) program regulations that will be effective on July 1, 2026. We'll provide updates when the regulations are implemented. For now, there are no impacts to borrowers, payment counts, or discharges.

Visit StudentAid.gov/publicservice for more information about PSLF and current program requirements.

For more information about employer eligibility, visit StudentAid.gov/pslf/employer-search.

To apply for PSLF, use the PSLF Help Tool at StudentAid.gov/pslf.

Important Updates

PSLF and PSLF Buyback

The PSLF program is managed by the U.S. Department of Education not MOHELA. To learn more about your next steps, and general information on the programs, visit Studentaid.gov/PSLF or Studentaid.gov/PSLFbuyback.

SAVE (Saving On A Valuable Education)

On August 1, 2025, interest began accruing on the SAVE Administrative Forbearance. Visit StudentAid.gov/SAVE to learn more. You can leave the forbearance by switching to an eligible repayment plan using Loan Simulator.

2025 Tax Information

Tax information is available. Log in and select "More" then "Tax Statements" from the navigation bar to view your tax information on or after January 31.

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Repayment Plan Options

Repayment Plans

You can pick from repayment plans that base your monthly payment on your income or that give you a fixed monthly payment over a set repayment period.

FAST FACTS

  • You can pick from repayment plans that base your monthly payment on your income or plans that give you a fixed monthly payment.

  • Repayment plans based on your income are a smart choice to lower your payment. The lower your income - or the larger your family size—the less you'll pay each month.

  • If you don't pick a repayment plan, we will place you on the Standard Repayment Plan (a 10-year fixed payment repayment plan). This plan might result in a higher monthly payment for you.

Compare Repayment Plans

Loan Simulator  this link will open in a new window is the best way to compare our different repayment plans. You can use Loan Simulator  this link will open in a new window to find out which plans you’re eligible for and to see estimates for how much you would pay monthly and overall.

Fixed Terms Repayment Plans

Eligible Loan Programs

Direct Loans and Federal Family Education Loan Program (FFELP) Loans

Loan Term

10 years (Option to extend up to 30 years for consolidated loans)

Eligibility

You will be placed on this plan if you do not select another plan

Payments

Fixed monthly payments

Advantages

This is the fastest and least expensive plan based on interest paid

Eligible Loan Programs

Direct Loans and FFELP

Loan Term

25 years

Eligibility

Must have more than $30,000 in FFELP or Direct Loans

Payments

Fixed or graduated payments

Advantages

Lower monthly payments over a longer period of time

Loan Programs

Direct Loans and FFELP

Loan Term

10 years (Option to extend up to 30 years for consolidated loans)

Eligibility

Upon Request

Payments

Payments start low and increase every 2 years

Advantages

Works well if you expect your income to increase over time

Income-Driven Repayment (IDR) Plans

Loan Programs

Direct Loans Only 1

Loan Term

20 years

Eligibility

As of July 1, 2027, borrowers that leave the PAYE Plan will not be allowed to re-enroll in the PAYE Plan.

Must demonstrate need based on your total federal student loan debt, adjusted gross income, and family size.

Your calculated payment must be less than what you would pay under the Standard (10-year) Repayment plan.

Payments

Monthly payment generally set at 10% of discretionary income

Advantages

A reduced monthly payment amount. If you no longer qualify for a reduced monthly payment, your monthly payment will cap at the 10-year payment.

May also be used with the Public Service Loan Forgiveness Program

Loan Programs

Direct Loans & FFELP 1

Loan Term

25 Years (20 years for new borrowers as of 7/1/2014)

Eligibility

Must demonstrate need based on your total federal student loan debt, adjusted gross income, and family size

Your calculated payment must be less than what you would pay under the Standard (10-year) Repayment plan

Payments

Monthly payment generally set at 15% or discretionary income (10% for new borrowers as of 7/1/2014)

Advantages

A reduced monthly payment amount. If you no longer qualify for a reduced monthly payment, your monthly payment will cap at the 10-year payment.

Interest subsidy may apply

May also be used with the Public Service Loan Forgiveness Program

Loan Programs

Direct Loans Only 1

Loan Term

25 Years

Eligibility

As of July 1, 2027, borrowers that leave the ICR Plan will not be allowed to re-enroll, unless they have a Direct Consolidation Loan disbursed on or after July 1, 2006, which repaid a Direct Parent PLUS or a Federal Family Education Loan (FFEL) Program Parent PLUS loan. Based on your adjusted gross income, family size, and total federal student loan debt.

Payments

Monthly payments set at the lesser of 20% of discretionary income or a percentage (based on income) of payment on a Standard Plan with a 12-year repayment period

Advantages

May also be used with the Public Service Loan Forgiveness Program

1 Additional eligibility requirements may apply.

Good to Know

Options to Postpone Repayment

If you are unable to make your payments, deferment or forbearance may be an option for you.