About Repayment Plans

Repayment plans allow students to choose from multiple repayment programs that will reduce your monthly payment. Federal Student Aid offers a Repayment Estimator which allows you to calculate what your monthly repayments might look like.

There is a Pay As You Earn Plan based on your family size and income. Like all plans, there are eligibility requirements that must be met. Often times, a repayment plan spans 10+ years. However, in this instance, it’s based on your monthly income. If your income is subject to fluctuation, this can be good or bad. It truly depends on the individual.

Some things that will be asked of you include:

•Income and expenses (discretionary income is taken into account)

•Current student loans

•Status of your student loans (good standing, default, behind a few months, etc.)

•You must be a new borrower as of 2007

•Received disbursement of a direct loan by 11/1/11

•New borrower with no outstanding balances

As with everything, financial health is key so be sure that when you make decisions about repayment, you have a macro-view of what the next 12-24-36 months might look like. Though not always easy to predict your financial future, try to anticipate as much as you can. Be sure to do your due diligence; research as much as you can about a repayment plan.

Am I Eligible for Repayment Plans for Private Student Loans?

The short answer is, yes. To expand on that, it’s important to realize that each private student loan is different. Repayment plans are available. Find out about your eligibility by calling one of our Loan Consultants (800) 940-8911.


Student loan debt has reached an all-time high, and according to the Consumer Financial Protection Bureau, the total amounts to around $1.2 trillion. Goodbye Loans can help determine if you qualify for the student loan forgiveness as a result of your educational experience.

Goodbye Loans matches thousands of graduates with federal programs that are offered by The Department of Education to consolidate and lower their current Federal student loans. We help you take advantage of the latest regulations put in place by Congress and President Obama and potentially save thousands of dollars. Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy.


Call us at 1-877-959-5885 or fill out the form on this page to speak to one of our representatives. It’s 100% free to see if you qualify for student loan forgiveness, and only takes a few minutes.