I need help understanding how the Income-Sensitive Repayment plan works.
I can help you with that. Those who qualify for the Income-Sensitive Repayment Plan should know that their payments can increase or decrease depending on your annual income.
Would you like to lower your payments on your FFEL Program loan?
Yes. I need this.
This repayment plan may be the right choice for you.
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My FFEL Program loan is not owned by ED. Who do I contact for more information?
Since your loan is not owned by ED, you will need to contact your lender.
How do I find my lender's contact information?
You can find this information on your My Federal Student Aid account.
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What FFEL Program Loans are eligible for this plan?
There are several loans that are eligible for the income-sensitive reapayment plan.
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How long would I make monthly payments?
You would make monthly payments under this plan for no more than 10 years.
