Graduated or Income-Sensitive Repayment

What are Graduated and Income-Sensitive Repayment Schedules?
They are alternatives to the standard or “level” repayment schedule in which you make payments at the same amount until your loans are paid in full.

GRADUATED:
You make smaller payments at first; then your payment amount increases.

INCOME-SENSITIVE:
Your payment amount is adjusted every year to reflect your current income.

When are they a good idea?
When you are having difficulty making payments under a standard or “level” repayment schedule, but expect to be able to make larger payments in the future.

When are they not a good idea?
When you can afford to make payments under a standard repayment schedule.  A graduated or income-sensitive repayment schedule may increase the finance charges your pay on your loans.

How do I apply?
Contact your lender or servicer.  Click here for a list of servicers and contacts.

To learn more about Graduated and Income-Sensitive Repayment, click here.

If you think that a graduated or income-sensitive repayment schedule is not the best option for you, please either check out the other options on this Results Page, or click the Return to Questionnaire button to make another selection.