Understanding Repayment Options: A Quick Reference

Explore various repayment options for federal and private student loans.

Federal Loan Repayment Plans

Federal Loan Repayment Plans: Text: Explore Standard, Graduated, Extended, or Income-Driven Repayment Plans

Private Loan Repayment Options

Discuss with your lender and review your loan agreement for repayment options
Fixed-Rate loans
Variable-Rate loans
Interest-Only loans

Pros & Cons


Standard plan:
Predictable payments, less interest over time.
Income-Driven plan:
Lower monthly payments, potential for loan forgiveness.


Standard plan:
Higher monthly payments.
Income-Driven plan:
More interest over time, annual income verification.


For more information, visit Simon Fitzgerald, LLC, and the Federal Student Aid website.