In the years following a student loan, repayment is part of the agreement between the student and lender. Still, because there is no guarantee that a student receives a job after graduation, this stage can present several problems. During this time, right after graduation, students often struggle in resolving how payments will be made over the coming years. If and when the student finds they are unable to pay, they may have to consider options beyond the standard loan they had decided on. Lenders, especially for federal loans, are equipped to offer students with one of several student loan repayment plans. Using a graduated plan, for example, the student will start easy with lower payments and gradually increase with time, allowing themself a "safety" period to find financial stability from a job. Even further, students may be able to transform their loans into more affordable and more convenient loans, either by means of a consolidation or that of a refinance.