Loan Repayment Plan Comparison Chart - Nelnet

loan Repayment plan ComparisonStandard RepaymentGraduated RepaymentExtended RepaymentIncome-Based Repayment (IBR)Income-Contingent Repayment (ICR)Pay As You Earn RepaymentIncome-Sensitive Repayment (ISR) loan ProgramDirect Loans & FFELPD irect Loans & FFELPMost Direct Loans & FFELPMost Direct Loans & FFELPMost Direct LoansMost Direct LoansFFELP onlyEligibilityThis is the default plan if another plan was not selected before entering repaymentUpon requestMust have more than $30,000 in FFELP or Direct LoansMust qualify for reduced payments; based on your total federal loan debt, AGI, and family sizeBased on your AGI, family size, and total Direct loan debtMust qualify for reduced payments; based on your total federal loan debt, AGI, and family sizeBased on gross monthly incomePaymentsMonthly payments are at least $50 Payments start low and increase every two yearsFixed annual or graduated repaymentPayments capped at 15% (10% if you are a new borrower1) of your discretionary income, based on your AGI and family sizePayments are the lesser of: 20% of your monthly discretionary income (AGI poverty level 12), or your monthly payment on a 12-year plan times a percentage factor that varies with your incomePayments are capped at 10% of your discretionary income based on your AGI and fa

Loan Repayment Plan Comparison Standard Repayment Graduated Repayment Extended Repayment Income-Based Repayment …

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