14. Repaying Student Loans

Those who are borrowing federal loans should visit the Department of Education website to review the repayment calculator and repayment options: https://studentaid.gov/manage-loans/repayment/plans. Note that currently there are standard, graduated, extended, income-driven, and income-sensitive repayment plans available. There are four income-driven plans: Income Contingent Repayment (ICR), Income-Based Repayment (IBR), Pay As You Earn Repayment (PAYE), and Revised Pay As You Earn Repayment (REPAYE).