Repaying Your Student Loan


Comparison of Repayment Plans

After learning about the different types of repayment plans, it's useful to see your options side-by-side. The Department of Education (ED) has created a Repayment Estimator that can help you figure out which repayment plan is best for you. This tool provides a comparison of estimated monthly payment amounts for all federal student loan repayment plans, including income-driven plans, to help you visualize the difference in repayment terms, interest accrued, and the total amount paid. Consider all of these factors when choosing the repayment plan that's right for your particular financial situation. ED has also developed a fact sheet that provides more information about the various income-driven repayment plans. Please keep in mind that not all loan types are eligible for all repayment plans.