Student Loan Repayment Options – The Student Loan Pro

There are multiple repayment plans available. Each of the plans is different and has it’s own advantages. Our objective here is to outline fundamentals of each plan, allowing clients to select the option that best fits their unique personal and family situation. We are happy to explain further any details related to the plans and how they may work for you. However, we leave the choice with you to determine the best alternative.

Standard Repayment

The loan balance, interest rate and term are used to determine the monthly payment like a typical mortgage or car loan.

Graduated Repayment

This program offers low initial payments, however, monthly payment amounts increase every 2 years for the life of the loan.

Income Based Repayment

The monthly payment is based upon the borrowers ability to pay. Income, family size and other factors are considered.