If you can't afford your monthly payments, there are options out
there for you:
- Pay As You Earn (PAYE) - an income driven
repayment plan that limits your monthly payments to a percentage of
your income, and can extend the period you have to pay your loans
past the 10 year standard.
- Direct Consolidation Loan - this loan consolidates all
of your federal loans into one, resulting in just one payment.