Starting repayment
Income-sensitive repayment
Tailor your monthly student loan payments to your income.
Need to lower your monthly Federal Stafford, PLUS, or consolidation loan payment?
Explore income-sensitive repayment as an option. Your payment must cover at least monthly accruing interest. You determine the percentage of your monthly payment: between 4% and 25% of your monthly gross income.
- You have to apply annually for an income-sensitive repayment plan.
- You can prepay at any time without penalty.
Because the loan is repaid more slowly, your total interest costs may be higher over the life of your loan.
To apply for income-sensitive repayment, log in to Sallie Mae's Manage Your LoansSM where you can apply online and request an income-sensitive repayment account. Terms and conditions apply.