Many people find it necessary to take out student loans to pay for a college education. Although these loans must be paid back, students can make good choices so that their Fafsa Student Loan payment is manageable. When a student first graduates, they have a six month grace period before starting repayment. Those that find jobs during this time can choose to start payments on the loan. There are programs available to reduce the amount of monthly payments made on the loan. For instance, a Fafsa Student Loan Payment can be based on your income, so the payment increases as your salary increases. This method is workable for many graduates. There are other ways to handle the loans also. The government offers deferment and forbearance of the student loans for those that apply and qualify.