<prompt> Human: Okay so Im 60k in student debt and all my loans are from Federal student loans. Im currently in the grace period and it ends in a couple months. Currently they have me set at a standard repayment option but it will take 50 of my monthly income. I have been having anxiety attacks because of this since theres no way I can afford my loans and they said I cant apply for a different payment option til Im closer to the end of my grace period. Im stressed I will have to pay the standard payment and become late on payments because of the high cost. Does anyone have any experience with student loans that can explain on how to lower your payment? Thank you for your time.  <response>: they said I cant apply for a different payment option til Im closer to the end of my grace period. OK, so apply for the income-driven payment plan closer to the end of your grace period. Since these are federal loans, you are entitled to the various payment plan options, you just need to follow directions and submit the request when youre told to. If there is a delay processing it, ask for a temporary deferment or forbearance so that you dont have to pay while they get everything set up they normally do this for you anyway. 