I came here hoping you could explain how the income-sensitive repayment plan works. Can you tell me more about this plan?
Of course. The payments under this plan increase or decrease based on your annual income.
Do you need to make lower payments on your FFEL Program loans?
No, I don't.
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What can you tell me about monthly payments?
Under this plan, you'll have monthly payments.
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I'm aware of that. But what if I have FFEL Program loans owned by the U.S. Department of Education ED?
In that case you should contact your loan servicer.
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I understand. Say, which loans are eligible for that repayment plan we talked about?
There are several loans which are eligible for the income-sensitive repayment plan, all of them listed on our website.
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Allow me one final question: what if I have FFEL Program loans that are not owned by ED?
In that situation I'd recommend you to contact your lender.
