Standard Repayment Plan

If you don’t choose a different repayment plan, all of your Federal Loans will be set under a Standard Repayment Plan. Monthly payments are calculated based on the size and term of the loan. The length of the term is always based on the size of the loan.

A Standard Repayment Plan may be in your best interest if you want to pay off your loans as soon as possible, you have less than 30 years on your term, you have a higher income (i.e., you don’t qualify for income-based repayment), or if you have little student loan debt.

Eligible Loans Include: Direct Subsidized & Unsubsidized Loans, Subsidized & Unsubsidized Federal Stafford Loans, and all PLUS Loans.

Graduated Repayment Plan

If you currently receive a low income, but expect it to regularly increase with time, enrolling in a Graduated Repayment Plan may be in your best interest.

You will be given a lower monthly payment to start, and then this payment will increase incrementally every two years. If you work with Student Debt USA and you happen to lose your job or a substantial amount of income, we’ll get you into a new repayment plan with the same term and a drastically lower monthly payment. At the end of this term, your remaining balance would be forgiven.

Eligible Loans Include: Direct Subsidized & Unsubsidized Loans, Subsidized & Unsubsidized Federal Stafford Loans, and all PLUS Loans.

Extended Repayment Plan

This program offers you the option to extend your repayment plan. You may qualify if you owe more than $30,000 in outstanding Direct Loans or FFEL Loans. In addition, you must have had no outstanding balance on a Direct Loan as of Oct. 7, 1998 or on the date you obtained a Direct Loan after Oct. 7, 1998

Eligible Loans Include: Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans, Direct Consolidation Loans, Subsidized Federal Stafford Loans, Unsubsidized Federal Stafford Loans, FFEL PLUS Loans, FFEL Consolidation Loans

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