Education Center
What is the Difference Between a Graduated and a Graduated Extended Repayment Plan?
TL;DR: A Graduated Repayment Plan starts with lower payments that gradually increase every two years,…
What is the Difference Between a Standard Fixed and a Fixed Extended Repayment Plan?
TL;DR: A standard fixed repayment plan is the typical 10-year option, where monthly payments stay…
What is the Difference Between a Fixed and a Graduated Repayment Plan?
TL;DR: A fixed repayment plan offers consistent monthly payments over the life of the loan,…
What is an Income Contingent Repayment (ICR) Plan?
TL;DR: An Income Contingent Repayment (ICR) plan is a federal student loan repayment option designed…
What is the Difference Between a Pay As You Earn and a Revised Pay As You Earn Repayment Plan?
TL;DR: Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE) are both…
What Is a Pay As You Earn (PAYE) Repayment Plan?
TL;DR: A Pay As You Earn (PAYE) repayment plan is a federal student loan repayment…
What is a NEW Income-Based Repayment Plan?
TL;DR: New income-based repayment (IBR) plans offer enhanced benefits compared to traditional IBR options. They…
What is an Income-Based Repayment Plan?
TL;DR: An Income-Based Repayment (IBR) plan is a federal student loan repayment option that adjusts…
What is a Good Loan for Graduate or Professional Students?
TL;DR: When choosing a loan for grad school, federal loans like Direct Unsubsidized and Grad…
What is a FFEL PLUS Loan?
TL;DR: A FFEL PLUS Loan is a federal education loan from the Federal Family Education…
What is a FFEL Federal Stafford Loan?
TL;DR: A FFEL Federal Stafford Loan was a federal student loan offered through private lenders…
Direct Subsidized Loan vs. Direct Unsubsidized Loan: What’s the Difference?
TL;DR: Direct Subsidized Loans are need-based, with the government covering interest while you’re in school,…