Your Guide to Choosing a Student Loan Repayment Plan

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Different Student Loan Repayment Plans
Standard Repayment
Graduated Repayment
Extended Repayment
Income-Driven Repayment
Income-Contingent Repayment Plan (ICR) Revised Pay As You Earn Repayment Plan (REPAYE) Pay As You Earn Repayment Plan (PAYE) Income-Based Repayment Plan (IBR)
Choosing a Student Loan Repayment Plan
1. Reviewing Your Finances
2. Creating a Budget
3. Choosing the Best Option for You
Changing Your Repayment Plan by Refinancing Your Student Loans
Refinance Student Loans With Lantern:
Frequently Asked Questions
Photo credit: iStock/Vanessa Nunes
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About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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