Repayment Strategies
Standard Repayment Plan
Fixed payments over 10 years. Minimizes total interest paid and builds equity fastest. Best for those who can afford higher monthly payments.
Income-Driven Repayment
IBR, PAYE, and REPAYE plans base payments on income and family size. May qualify for loan forgiveness after 20-25 years. Consider if standard payments are unaffordable.
Accelerated Repayment
Making extra payments reduces total interest and shortens the loan term. Even small additional amounts can save thousands over the life of the loan.
