There are 4 compensation plans for federal scholar loans by way of which a borrower may get a few of their unpaid pupil loans forgiven: earnings-based mostly compensation (IBR), earnings-contingent repayment (ICR), Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE). Online lenders that provide quick loans, present a streamlined, easy, quick software processes that solely take a couple of minutes to finish.