You are here: Home :: Forum Home :: Have a question for Heather? Post it here. :: Income-Based Repayment :: Thread
No. The repayment plan that you choose doesn’t affect the interest rate that is charged on your loans.
However, because the income-driven repayment plans have a longer repayment period than other repayment
plans, and because in some cases your monthly payment amount under an income-driven repayment plan
may be less than the amount of interest that accrues each month (negative amortization), you may pay more interest over the life of your loans if you choose an income-driven repayment plan.
For more information go to the Income-Driven Repayment Plans: Frequently Asked Questions Website