Are you or someone you know struggling to make your scheduled payments?
Welcome to USSDC
Student Loan Repayment Options
At USSDC, we know navigating student loan debt can be overwhelming. That’s why we’re here to guide you through the range of repayment options available, ensuring you find the best fit for your financial needs and assisting you every step of the way.
Standard Repayment Plan
Pay a fixed amount monthly until your loans are fully repaid, with a maximum 30-year term. Ideal for those who can manage consistent payments and want a straightforward, predictable plan without income-based adjustments.
Graduated Repayment Plan
Begin with lower payments that gradually increase every two years, with a maximum 30-year term. This plan is perfect if you expect your income to grow over time, helping you manage debt now and increase payments as your earning potential rises.
Extended Repayment Plan
Designed for those seeking lower monthly payments over an extended period, up to 25 years. Choose fixed or graduated payments to reduce monthly costs compared to Standard and Graduated Plans.
Income-Driven Repayment (IDR) Plans
IDR plans base monthly payments on your discretionary income—what’s left after essentials like rent and groceries. With payments aligned to your adjusted gross income (AGI) and family size, IDR plans ensure affordability and can offer long-term savings, especially for borrowers with lower incomes.
Income-Contingent Repayment (ICR)
With ICR, payments are calculated based on income and family size, either at 20% of your discretionary income or the 12-year payment amount, whichever is less. After 25 years of consistent payments, any remaining balance is forgiven, though taxes may apply.
Income-Based Repayment (IBR)
IBR adjusts payments based on income if you’re experiencing financial hardship. With a potential term of over 25 years, IBR may qualify you for loan forgiveness if you meet specific requirements.
Pay As You Earn (PAYE)
PAYE caps monthly payments based on income, offering relief for recent graduates who need a manageable payment based on annual income. This plan was introduced to ease the debt burden for those just starting their careers.
Saving on a Valuable Education (SAVE)
Replacing REPAYE, the SAVE Plan offers lower payments based on a smaller portion of your AGI. If your monthly payment doesn’t cover accrued interest, the government will cover the difference, preventing your balance from growing. Starting in February 2024, borrowers who initially borrowed $12,000 or less may be eligible for forgiveness after just 10 years.
USSDC will help you find the best solution for your specific situation.
Need help navigating, finding and applying for the correct approach to your student debt? We understand it can be a daunting process, so we have a team of professionals ready to help you get started.
OUR GOAL
We help students find their financial freedom through student forgiveness and loan forbearance.
At USSDC, we understand that student debt is a double-edged sword. While it can be the stepping stone to achieving your professional dreams, it also has the potential to become a financial burden. Our team is here to guide you through student loan forgiveness, income-driven repayment and forbearance options, all tailored to your unique financial situation. Let us help you focus on achieving your dreams—not managing your debt!