When it comes to student loan repayment, there are several options and best practices to consider. One common option is the standard repayment plan, which involves fixed monthly payments over a period of 10 years. Another option is an income-driven repayment plan, which sets your monthly payments at a percentage of your discretionary income.

Additionally, refinancing student loans can be a viable option for some borrowers, as it may lead to lower interest rates and overall savings. Consolidation is another strategy that allows borrowers to combine multiple federal student loans into a single loan with a single monthly payment.

Best practices for student loan repayment include creating a budget to ensure timely payments, exploring forgiveness programs for those in public service or certain professions, and communicating with loan servicers to stay informed about options and potential changes.

For more detailed information and references, you can refer to resources such as the official website of the U.S. Department of Education, financial aid offices at educational institutions, and reputable personal finance websites.