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I am having difficulty making my Direct Consolidation Loan monthly payment. Is there another repayment plan available?

April 26, 2017consolidation difficulty loan payment Plan repayment

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I am having difficulty making my Direct Consolidation Loan monthly payment. Is there another repayment plan available?

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The Income-Based Repayment (IBR) plan may be an option. IBR is an alternative student loan repayment plan available for FFELP and FDLP borrowers. Unlike other repayment plans, which may require a one-size-fits-all payment amount, IBR establishes a monthly payment that looks at your unique situation by considering your income, family size, and federal student loan debt.