Master Student Loan Repayment Plans Save Thousands Today
Graduated Repayment Plan
The Graduated Repayment Plan starts with lower monthly payments that increase every two years. This plan is beneficial for borrowers who expect their income to rise over time. Although the initial payments are lower, the total interest paid over the life of the loan may be higher compared to the Standard Plan2.
Extended Repayment Plan
For those with more substantial loan balances, the Extended Repayment Plan offers an extended payment period of up to 25 years. Borrowers can choose between fixed or graduated payments. This plan reduces monthly payment amounts, making it easier to manage finances, but it also increases the total interest paid over time3.