Repayment loans

There are four types of repayment plan - standard, extended, graduated, and income contingent - so you can choose the one that is best suited for your situation.
Avoiding Default Because the financial consequences for default are severe, you should do all you can to avoid it. Deferment and forbearance are options that might help you as you repay your loans. Also, as mentioned above, you can choose the repayment plan that is best for your financial situation.