Hi, I would like to know how the Income-Sensitive Repayment Plan will affect my loan payments?
Payment under the plan increase or decrease based on your annual income.
Do you have a Federal Family Education Loan (FFEL) Program loan and if so do you need to lower your payments on your loan?
No I don't need to lower my payments at this time, thank you.
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Would I be eligible for the Income-Sensitive Repayment Plan if I have a FFEL Plus Loan?
Yes you will be.
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What loans are not eligible for the Income-Sensitive Repayment Plan?
A William D. Ford Federal Direct Loan is not eligible for the repayment plan.
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What about Subsidized Federal Stafford Loans?
Yes these loans are also eligible.
What other loans are eligible for this program?
FFEL Consolidation Loans are also eligible for the Income-Sensitive Repayment Plan.
