If you're paying off federal student loans, it's crucial you know the  various repayment plans. Being in the wrong repayment plan can cost you  thousands of dollars. Although payment plans have changed over time, the current options represent a great opportunity for borrowers to save  money or modify payments to fit their goals, budget, and lifestyle. Watch this video to learn about the various federal student loan repayment plans including Standard, Extended, Graduated, IBR, ICR, Income-Sensitive, PAYE, and REPAYE.