Standard Repayment Plan

This repayment plan saves you money over time because your monthly payments may be slightly higher than payments made under other plans, but you’ll pay off your loan in the shortest time. For this reason, you will pay the least amount of interest over the life of your loan.

When it comes time to repay your loans, you have the option to choose a repayment plan. If you don’t choose a different repayment plan, your loan servicer, the company that handles the billing and other services on your federal education loan, will place you on the Standard Repayment Plan.

Eligible Loans

  • Direct Subsidized and Unsubsidized Loans
  • Subsidized and Unsubsidized Federal Stafford Loans
  • all PLUS loans
  • all ConsolidationLoans (Direct or FFEL)

Monthly Payment and Time Frame

  • Payments are a fixed amount.
  • Up to 10 years (up to 30 years for Consolidation Loans).

Eligibility and Other Information

  • All borrowers are eligible for this plan.
  • You’ll pay less over time than under other plans.

Monthly Payments for Consolidation Loans

Under this plan, your monthly payments are:

  • a fixed amount of at least $50 each month and
  • made for a period of between 10 and 30 years for Direct Consolidation Loans and FFEL Consolidation Loans.

If you have a Direct Consolidation Loan or FFEL Consolidation Loan, the length of your repayment period will depend on the amount of your total education loan indebtedness. This total education loan indebtedness includes the amount of your consolidation loan and your other student loan debt. Other student loan debt includes any federal student loans that are not included in the consolidation loan, as well as private education loans that are not eligible for consolidation.

The maximum amount of other student loan debt that may be considered in determining your repayment period may not exceed the loan amount you are consolidating.

To include other student loan debt in the determination of the repayment period for your Direct Consolidation Loan, be sure to list those loans on your consolidation application in the section for listing loans that you do not want to consolidate, but want considered in the determination of your repayment period.

Using the Repayment Estimator to Estimate Your Eligibility and Payment Amount Under the Standard Repayment Plan

Your loan servicer can help you choose a loan repayment plan that’s best for you. Before you contact your loan servicer to discuss repayment plans, use our Repayment Estimator to get an early look at what repayment plans you may be eligible for and to receive a comparison of estimated monthly payment amounts for all federal student loan repayment plans. This comparison is important because the Standard Plan may not provide you with the lowest payment amount based on your individual circumstances. You may find that your payment will be lower under another repayment plan.