Choose the repayment schedule that's right for you!Nellie Mae Stafford Loan borrowers have a choice of repayment plans.
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 dollar amount of your installments after two or four years.
Income-sensitive repayment: Adjust your monthly payments annually based on your current salary.
Extended repayment: Take up to 25 years to pay off loans totaling $30,000 or more.
You are given the flexibility to change repayment options throughout the life of the loan. And Stafford Loans can be prepaid at any time without penalty.
