Choose the Repayment Plan that Works Best for You

National Education offers the flexibility to choose among five repayment plans to help make paying your student loan more affordable and convenient. If you'e looking to lower your monthly payment, we offer some plans that may reduce your loan payment by as much as 40%! Other plans will enable you to pay off your loan fastest, saving you a bunch of money in interest charges! Whatever it is you need, we're here to help you successfully manage and pay off your loans.

To compare these different repayment options using your current profile, please check out the Department of Education's calculator, which gives a side-by-side comparison of these different plans, highlighting:

  • Repayment term
  • Monthly payment, from initial to final amounts
  • Total interest paid
  • Total paid

Build a healthy credit history by making regular on-time monthly payments. Consider signing up for our FREE Auto-Payment Plan to have payments deducted each month from your checking or savings account.

Having problems? Contact our customer service for assistance. If you are temporarily unable to make your payments, we can determine if you are eligible for a deferment or forbearance. If you are unable to make the standard payment over a longer period of time, we can discuss options to adjust your repayment plan.

We offer several repayment options for your federal loans:

Private loans are not eligible for these repayment plans.

Income-Based Repayment Plan

  • Provides assistance to borrowers with high student loan debt by making their loan payments affordable using income and family size as a basis.
  • Provides a long term plan for borrowers expected to have low paying positions, such as public service, for an extended period of time.
  • Three factors considered in determining eligibility for Income-Based Repayment: the total amount of student loan debt, income, and family size.
  • Loan payments for qualifying borrowers are capped at 15% of his/her household discretionary income.
  • After the borrower is initially declared eligible, the repayment period can be extended up to 25 years (300 payments).
  • There is no minimum monthly payment.

More information about Income-Based Repayment.

Extended Repayment Plan

Check eligibility: Call 1-800-345-4325 or contact us.

  • Extends the standard repayment plan to a maximum of 25 years (300 months).
  • Same monthly payment amount throughout the repayment period.
  • Available only to borrowers with student loan balances in excess of $30,000.
  • Borrower's loan balance may include aggregated loans from different lenders.
  • Available only to borrowers who took out FFELP student loans after October 7, 1998.
  • Be aware: a longer repayment term and lower monthly payments will increase the total cost of your loan.

Income Sensitive Repayment Plan

Check eligibility: Call 1-800-345-4325 or contact us.

  • Your student loan payment(s) can fluctuate with your level of income.
  • Monthly installments are adjusted annually based on your income, loan balance, interest rate, and maximum repayment term.
  • Ideally, your payment amount will grow as your income grows.
  • Monthly payment must be equal to or greater than the monthly interest accrual, but may be less than $50.00.
  • Maximum time period to repay the loan is still ten years (120 months).
  • You must provide specific documentation detailing income and expenses on an annual basis to qualify.
  • Be aware: a longer repayment term and lower monthly payments will increase the total cost of your loan.

Graduated Repayment Plan

Check eligibility: Call 1-800-345-4325 or contact us.

  • Reschedules your monthly payments so you pay a lower (as much as 40% lower) initial payment during the early years of repayment and then increases during latter years.
  • Maximum time period to repay the loan is still ten years (120 months.)
  • Payment must be equal to or greater than the monthly interest accrual.
  • Be aware: a longer repayment term and lower monthly payments will increase the total cost of your loan.

Level Repayment Plan

  • This is the standard repayment plan.
  • Make the same monthly payment amount throughout the repayment period.
  • Maximum of ten years (120 months) to repay your student loan.
  • Minimum monthly payment is $50.00 for all Federal Stafford, PLUS, and Grad PLUS loans.
  • Exact monthly payment and length of repayment period depends on the amount borrowed.
  • Pay the least amount of total interest using the Level Repayment Plan.