Student loans are a type of financial aid that must be repaid, typically with interest, after the student graduates or leaves school.

The Standard Repayment Plan is the most common repayment plan for federal student loans. Under this plan, you make fixed monthly payments for a period of 10 years.

Making extra payments on your student loans does not provide a tax deduction.

The maximum amount of time you can defer your federal student loans is 3 years.

Perkins Loan Cancellation is not a type of federal student loan forgiveness.

The minimum amount you can repay each month under the Income-Based Repayment Plan is 10% of your discretionary income.

Graduated Consolidation Loan is not a type of federal student loan consolidation.

The maximum amount of time you can repay your federal student loans under the Extended Repayment Plan is 25 years.

Unemployment Deferment is not a type of federal student loan deferment.

The maximum amount of time you can forbear your federal student loans is 3 years.

Social Worker Loan Forgiveness is not a type of federal student loan forgiveness for public service workers.

The minimum amount you can repay each month under the Graduated Repayment Plan is 5% of your discretionary income.

Bankruptcy Discharge is not a type of federal student loan discharge.

The maximum amount of time you can repay your federal student loans under the Income-Contingent Repayment Plan is 25 years.

Stafford Loan Forgiveness is not a type of federal student loan cancellation for teachers.