{"id":2709,"date":"2017-03-24T17:18:05","date_gmt":"2017-03-24T21:18:05","guid":{"rendered":"https:\/\/www.med.unc.edu\/md\/studentaffairs\/financial-aid\/loans\/loan-repayment\/repayment-options\/"},"modified":"2026-03-05T09:34:35","modified_gmt":"2026-03-05T14:34:35","slug":"repayment-options","status":"publish","type":"page","link":"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/","title":{"rendered":"Repayment Options"},"content":{"rendered":"<p>Managing student debt effectively begins with choosing the right repayment plan. For personalized calculations, use tools like the <a href=\"https:\/\/students-residents.aamc.org\/financial-aid-resources\/medloans-organizer-and-calculator-mloc\">MedLoans Organizer and Calculator (MLOC)<\/a> or the <a href=\"https:\/\/studentaid.gov\/loan-simulator\/\">Federal Student Aid Loan Simulator<\/a> to determine which plan or program aligns with your career goals. We also recommend visiting the <a href=\"https:\/\/students-residents.aamc.org\/financial-aid\">AAMC&#8217;s FIRST<\/a> and <a href=\"https:\/\/studentaid.gov\/\">U.S. Department of Education&#8217;s Federal Student Aid<\/a> websites for the latest updates on these options. <em><strong>Loan Repayment Options and Loan Repayment and Forgiveness Programs are subject to change with the One Big Beautiful Bill Act recently passed.<\/strong><\/em><\/p>\n<h2>Common Loan Repayment Plans Include<\/h2>\n<p><strong>Standard Repayment<\/strong>: Fixed monthly payments over 10 years.<\/p>\n<p><strong>Extended Repayment<\/strong>: Lower payments stretched over a 25-year term.<\/p>\n<p><strong>Graduated Repayment<\/strong>: Payments that increase every two years.<\/p>\n<p><strong>Income-Driven Plans<\/strong>: Options like ICR, IBR, PAYE, REPAYE, and SAVE base payments on income and family size, offering forgiveness after 20-25 years.<\/p>\n<p><strong>Loan Repayment Options related to the One Big Beautiful Bill Act:<\/strong><\/p>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Legacy Borrowers<\/span><\/b><span data-contrast=\"auto\">\u00a0with no new loans made on or after July 1, 2026,\u00a0you\u00a0are eligible to enroll in the current Standard, Graduated, Extended, or current Income Based\u00a0Repayment plans\u00a0(IBR) and may also opt in to the new Repayment Assistance Plan (RAP).\u00a0Borrowers may also switch between,\u00a0enter\u00a0or remain on existing Income Driven Repayment (IDR) plans until July 1, 2028.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">New Borrowers<\/span><\/b><span data-contrast=\"auto\">\u00a0with new loans made on or after July 1,\u00a02026\u00a0can be repaid using only two plans: a new Standard Repayment Plan and the Repayment Assistance Plan (RAP). If a borrower with new loans made on or after July 1,\u00a02026,\u00a0does not select a plan, they will be assigned to the new Standard Repayment Plan.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Loan Deferment Options \u2013<\/span><\/b><span data-contrast=\"auto\">\u00a0Economic\u00a0Hardship and\u00a0Unemployment\u00a0Deferment will no longer be available as of July 1, 2027.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Loan Forbearance<\/span><\/b><span data-contrast=\"auto\">\u00a0\u2013 Loans made on or after July 1,\u00a02027,\u00a0are\u00a0eligible\u00a0for forbearance for up to nine months in any two-year period.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2>Loan Repayment &amp; Forgiveness Programs<\/h2>\n<p>In addition, you might qualify for loan repayment or forgiveness programs that can further reduce or eliminate your debt in exchange for service in specific fields or communities.<\/p>\n<p><a href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/loan-repayment-forgiveness-programs\/faculty-loan-repayment-program\/\"><strong>Faculty Loan Repayment Program<\/strong><\/a>: Provides up to $40,000 for faculty in eligible health disciplines.<\/p>\n<p><a href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/loan-repayment-forgiveness-programs\/indian-health-services-loan-repayment\/\"><strong>Indian Health Services Loan Repayment<\/strong><\/a>: Up to $50,000 in exchange for service in American Indian and Alaska Native communities.<\/p>\n<p><a href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/loan-repayment-forgiveness-programs\/nhsc-loan-repayment\/\"><strong>National Health Service Corps (NHSC) Loan Repayment<\/strong><\/a>: Offers up to $75,000 for primary care physicians serving in designated sites.<\/p>\n<p><a href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/loan-repayment-forgiveness-programs\/pediatric-specialty-loan-repayment-program\/\"><strong>Pediatric Specialty Loan Repayment Program<\/strong><\/a>: For specialists serving in approved pediatric treatment facilities.<\/p>\n<p><a href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/loan-repayment-forgiveness-programs\/pslf\/\"><strong>Public Service Loan Forgiveness (PSLF)<\/strong><\/a>: Forgives remaining federal student loan debt after 120 qualifying payments in public service jobs.<\/p>\n<p><a href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/loan-repayment-forgiveness-programs\/substance-use-disorder-treatment-and-recovery-loan-repayment-program\/\"><strong>Substance Use Disorder Treatment and Recovery Loan Repayment Program (STAR LRP)<\/strong><\/a>: Provides loan repayment for professionals in SUD treatment roles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Managing student debt effectively begins with choosing the right repayment plan. For personalized calculations, use tools like the MedLoans Organizer and Calculator (MLOC) or the Federal Student Aid Loan Simulator to determine which plan or program aligns with your career goals. We also recommend visiting the AAMC&#8217;s FIRST and U.S. Department of Education&#8217;s Federal Student &hellip; <a href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/\" aria-label=\"Read more about Repayment Options\">Read more<\/a><\/p>\n","protected":false},"author":77142,"featured_media":0,"parent":2700,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"layout":"","cellInformation":"","apiCallInformation":"","footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-2709","page","type-page","status-publish","hentry","odd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Repayment Options | Office of Financial Aid &amp; Scholarships<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.med.unc.edu\/md\/financial-aid\/types-of-aid\/repayment-options\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Repayment Options | Office of Financial Aid &amp; Scholarships\" \/>\n<meta property=\"og:description\" content=\"Managing student debt effectively begins with choosing the right repayment plan. 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