Loan Repayment Plans

Federal Perkins & Institutional Loans

Federal Perkins Loans and Brown University Institutional Loans offer only one type of repayment plan. The loans are repaid to the Brown University Loan Office (servicer) in equal monthly installments over a maximum 10 year repayment term. Learn more about Servicer & Making Payments.

Direct Subsidized, Unsubsidized & PLUS Loans

Direct Loans offer a variety of repayment plans designed to fit different needs and income levels.  The amount you pay and the length of time to repay your loans will vary depending on the repayment plan you choose. 

  • Standard: Fixed monthly payments of at least $50 over a max 10 yr period.
  • Extended: Fixed monthly payments of at least $50 over a period of 12 to 30 years. 
  • Graduated: Monthly payments increase every two years over a period of 12 to 30 years. Must have more than $30,000 outstanding to qualify. 
  • Income-driven: There are several plans that are based on your annual income. The amount is recalculated annually and income documentation must be provided to your federal loan servicer every year.

Use the federal Repayment Estimator to get estimated monthly payment amounts for each repayment plan. 

Tips & Resources

FSA Repayment Estimator

FSA Income Drive Repayment Plans Fact Sheet

Direct Loan Repayment Plans Chart

Financial Awareness Counseling @ StudentLoans.gov

Repayment Calculators @ StudentAid.ed.gov

Calculators @ FinAid.org