How do you pay back the Nellie Mae ParentPLUS Loan? Nellie Mae makes repayment easy, flexible, and affordable!Find the repayment schedule that's right for you!
Choose from the following Nellie Mae ParentPLUS Loan payment plans before your first payment:
- Standard repayment: Pay a fixed monthly amount ($50 minimum) for up to 10 years.
- Graduated repayment: Make lower payments at the beginning of your repayment period and increase the amount of your installments over time.
- Income-sensitive repayment: Adjust your monthly payments annually based on your salary.
- Extended repayment: Take up to 25 years to pay off loans totaling $30,000 or more.
Remember: You may change repayment plans, and ParentPLUS Loan can be prepaid at any time without penalty.
