There are a few ways to lower your monthly payments. You can enroll in an income-driven repayment plan (IDR) which is calculated using your debt to income ratio, family size and tax filing/marital status.
*You can see all the IDRs available to you for FREE by proceeding through the Savi application!
However, for some people an IDR isn’t the best option (ie, borrowers with a high Adjusted Gross Income). If that’s the case, you can always do the standard plan, or a graduated or extended loan repayment plan.
You can read more about all of the repayment plans in This Article.