New Income-Driven Repayment Plan Now Available for All Federal Direct Student Loan Borrowers

Posted on 12/21/2015 10:18:02 AM

As of December 17, 2015, all borrowers with federal Direct student loans have access to a new repayment plan with monthly payments limited to 10 percent of your discretionary income.

If you are having trouble affording your current monthly payment or want the payments to be solely based on your income, check out the Revised Pay As You Earn (REPAYE) plan. For more information on the REPAYE plan, please visit the Federal Student Aid website.

Office of Financial Aid