Income-Based Repayment is offered on FFELP Loans and Direct Loans not eligible for Pay As You Earn. Parent Plus Loans, Federal Consolidated Loans with underlying Parent Plus Loans, and private loans are not eligible for Pay As You Earn, Revised Pay as You Earn, or Income-Based Repayment.
Thereof, how many federal student loan repayment plans are there?
There are three federal student loan repayment plans not tied to income and for which all types of federal student loans qualify, including direct, FFEL and PLUS. Standard. Repaying a student loan in 10 years is the typical term for a federal student loan.