What are the repayment options for Nelnet Loans?

Nelnet Loans offer a variety of repayment options to suit borrowers' needs. One option is the Standard Repayment Plan, which allows borrowers to make fixed monthly payments over a 10-year period. Another option is the Graduated Repayment Plan, where payments start low and increase every two years, also spanning a 10-year period. For those experiencing financial difficulties, Nelnet offers Income-Driven Repayment Plans, such as Income-Based, Pay As You Earn, and Income-Contingent Repayment. These plans calculate payment amounts based on the borrower's income, ensuring an affordable amount. Additionally, Nelnet offers extended repayment plans, spanning up to 25 years, and options for loan consolidation or refinancing. Borrowers can choose the plan that best aligns with their financial situation and goals for successful loan repayment.