Student Loans

Student Loan Repayment Plans

Contact us if you require document preparation services to qualify for federal student loan repayment plans.

  • Standard Repayment
  • Graduated Repayment
  • Income Contingent Repayment (ICR)
  • Income Based Repayment (IBR)
  • Pay As You Earn (PAYE)

More Info About Student Loan Repayment

Read below for further information about the different types of student loan repayment plans.

Pay As You Earn (PAYE)

This plan usually has the lowest monthly payment, and is also based on your income but uses 10% of your discretionary income as a payment instead of the 15% used in IBR.  Qualifying for the PAYE repayment plan is more difficult than the others. Borrowers in the PAYE can have a payment as low as $0.00/mo

Standard Repayment

The borrower will pay a fix amount each month for the life of the loan.  Payment will be determined by your borrowed amount, interest rate, and term of the loan.

Graduated Repayment

The borrower would make payments lower than the standard repayment plan, but would gradually increase every two years.

Income Contingent (ICR)

In this plan, the borrower would make payments based on their income, family size, loan balance, and interest rate. Borrowers in the ICR can have a payment as low as $0.00/mo